El Salvador officials are making waves by proposing a cross-border regulatory sandbox to the U.S. SEC focused on tokenization. This pilot project involves collaboration between a U.S.-licensed broker and a Salvadoran tokenization firm, set to test the waters in real estate and token-based capital raising. The proposal aims to enhance international cooperation and create a framework for innovation in cryptocurrency regulation. As the Crypto Task Force of the SEC recently engaged with representatives from El Salvador’s National Commission for Digital Assets (CNAD), the maneuver highlights the growing interest in tokenization as a legitimate business pathway. Observers will be keen to see how this proposal unfolds and its implications for crypto regulation on an international scale.