Tokenization

Proposal for U.S.–Japan Collaboration on Tokenized Economy and Web3 Innovation

March 25, 2025
  • The proposal emphasizes the need for regulatory clarity and interoperability of frameworks to support the development of compliant and inclusive tokenized markets.
  • It suggests the creation of a U.S.–Japan Tokenization and Web3 Regulatory Collaboration Program to harmonize token classification frameworks and promote regulatory interoperability.
  • The proposal advocates for the introduction of a safe harbor mechanism in Japan, similar to the U.S. model, to allow startups to test projects in a controlled sandbox environment with a path to full compliance.

Last Reviewed or Updated: April 3, 2025