Kraken and SEC concludes meeting on legal framework for tokenization

Officials from crypto exchange Kraken have concluded a meeting with the US Securities and Exchange Commission’s Crypto Task Force, where they discussed asset ￰0￱ to a memorandum published by the SEC, several members of the agency’s staff met with four representatives from Kraken’s parent company, Payward Inc., and its affiliated brokerage arm, Kraken Securities ￰1￱ legal advisors from Wilmer Cutler Pickering Hale and Dorr LLP also attended, which means the meeting extended beyond just technical implementation and dove into regulatory ￰2￱ did the SEC meet Kraken? The meeting focused on Kraken’s proposed tokenized trading system and the broader framework necessary to operate such a platform under US securities ￰3￱ memorandum.