Bitcoin-Friendly El Salvador Pitches Tokenized Real Estate 'Sandbox' to Trump's SEC
The El Salvador National Commission on Digital Assets (CNAD) may allow U.S. firms to test tokenized real estate in El Salvador, as discussed in a meeting with the U.S. Securities and Exchange Commission (SEC). This meeting focused on creating a regulatory sandbox for cross-border experimentation with tokenized assets. The SEC has shown openness to such initiatives, which could involve platforms for purchasing tokenized land shares and SEC-permitted crowdfunding for small businesses. The sandbox aims to strengthen U.S.-El Salvador ties and promote regulatory harmonization, potentially unlocking a trillion-dollar asset class. El Salvador has been actively engaging with Bitcoin, making it legal tender and stockpiling it since 2021, while rejecting IMF loan conditions that would limit its Bitcoin purchases. The country currently holds $573 million in Bitcoin.
