El Salvador’s National Commission on Digital Assets has teamed up with U.S. law experts and former Goldman Sachs partner Heather Shemilt to pitch a crypto regulatory sandbox to the U.S. SEC. The plan was revealed in recent SEC Crypto Task Force meeting notes and aims to share live data from El Salvador’s advanced digital asset system.

The sandbox would let regulators from both countries test small tokenization projects. One pilot lets a U.S. broker tokenize Salvadoran real estate offering $10K investment caps. Another allows a small Salvadoran business to raise funds through tokenized equity within the same limit. These controlled tests focus on investor safety and defining digital assets more clearly.

Supporters say this effort aligns with U.S. crypto policy goals and could shape future regulation. The project’s backers include legal and financial leaders from both nations working to prove how real-world blockchain innovation can safely scale.