Tokenized Real Estate &#039, Sandbox &#039, to Trump &#039, SEC, is Pitched by Bitcoin-Friendly El Salvador.

Erica Perkin, a lawyer at Perkin Law Firm and CNAD advisor, told on Thursday that the El Salvador National Commission on Digital Assets ( CNAD ) may allow American companies to use tokenized real estate there.

According to an SEC processing, the possibility was raised at a conference between the U.S. Securities and Exchange Commission’s Crypto Task Force and CNAD on Monday, which focused on a so-called regulation playground between both countries.

The SEC’s management earlier this month gave the impression that it was ready to conduct regulatory assessment of U.S. businesses, particularly those dealing with crypto assets, which may indicate equities, bonds, or, as in this situation,” a small-scale real estate project in El Salvador.”

According to Perkin, the meeting was held in response to a declaration made by SEC Commissioner Hester Peirce in February, and included an explanation of how El Salvador “attracted top-tier people,” such as stablecoin issuer Wire. Given the SEC’s willingness to listen to officials from a smaller country, she continued that the initial conversations were interesting.

They have worked hard to create and sustain a digital resource ecosystem that allows for both strong consumer protection and innovation, Perkin said. “CNAD is ready to provide useful data and real-world employ cases that is best assist the Crypto Task Force,” Commissioner Peirce said in response to Commissioner Peirce’s request for a discourse on a cross-border sandbox.

Juan Carlos Reyes, president of CNAD, and Heather Shemilt, a past partner at Goldman Sachs, make up Perkin’s staff. Former CNAD regulation Carmen Elena Ochoa de Medina is also a part of the initiative, Perkin said.

emailed a request for comment from the SEC or CNAD right away.

Peirce stated in a blog article a few months ago that the Crypto Task Force was working on” considering techniques to promote cross-border research on a limited scale and transitory time frame,” with the potential for “long-term techniques.”

Perkin argued that CNAD had proposed a “generous sell” for how to build such a platform, underscoring that it might be “open to U.S. companies” with their approval.

Two possible scenarios for a crypto-focused captain system were discussed by the SEC and CNAD: one involving a platform that may allow investors to purchase crypto land shares, and the other involving “SEC-permitted fundraising” for smaller companies.

The SEC registration details El Salvador’s plan for the cross-border sandbox, which “enhances international regulatory harmonization” and “unlocks a trillion-dollar resource class.”

The plan comes after a meeting between U.S. Presidents of El Salvador, Nayib Bukele, and President Donald Trump earlier this month. While discussion surrounding a Maryland man who was unjustly deported to El Salvador took center stage, the two did not publicly explain their shared understanding of Bitcoin.

Under Trump, El Salvador has been experimenting with Bitcoin for years, despite the fact that the U.S. has adopted a crypto-friendly position. In addition to becoming legal tender, Bitcoin is being explored using power from volcanoes to mine the property while establishing a reputation as a holiday destination for Bitcoin’s devoted users.

The nation has been saving Bitcoin since 2021, a move that is in line with Trump’s Strategic Bitcoin Reserve, which perhaps use tariffs to raise money for Bitcoin purchases. According to information from the blockchain analysis software Arkham Intelligence, El Salvador’s authorities now holds$ 573 million in Bitcoin.

Bukele rejected the International Monetary Fund’s requirements for a$ 1.4 billion loan in March, which would essentially force El Salvador to stop buying Bitcoin. Bitcoin is still frequently received in the Northern American nation’s pockets, as late as on Wednesday.