Asia Web3 Alliance proposes US cooperation on tokenization

Asia Web3 Alliance Japan submitted a proposal to the American operational workgroup of securities and advocacy for strategic cooperation on tokenization and Web3 regulation.

The suggestion sent to SEC He calls for joint efforts between SEC, the Japanese Financial Services Agency, Ministry of Economy, Trade and Industry and the Bank of Japan to establish regulatory clarity and encourage interoperability between two markets.

The initiative emphasizes several key goals, including the development of harmonized Token classification framework Distinguish tokenized securities, utility tokens and unsafe digital funds.

It also proposes a secure port mechanism for projects of early phase, similar to models investigated in the United States, allowing to test their projects in a controlled regulatory environment before achieving full compliance.

In addition, the Alliance recommends establishing standards for Cross-border token issuanceTrading and detention, aimed at improving the regulatory consistency and trust of investors.

The proposal suggests the framework of mutual recognition that would enable componed coercion to act on the rest of the two countries, reducing legal and tax insecurities currently distracted by Web3 innovations.

USA and Japan Round table

Basic component of the proposal start by US-Japan Web3 of the Regulatory Round Table. This initiative would facilitate the current dialogue between regulators, legal experts and leaders in industry, ensuring that both nations can share policy development, case studies and research results.

Asia Web3 Aliance argues that regulatory uncertainty remains the main challenge for Web3 Starting, especially in defining the categories of tokens and ensuring respect in several jurisdictions.

The letter stated that cooperation “developed guidelines for distinguishing parent digital tokens versus traditional securities issued via Blockoin.”

As the next step, the Alliance recommends the initial planning meeting between Sex and Japanese regulators and the selection of pilot projects for testing cross-border tokerization frameworks.