VanEck to Meet with SEC Crypto Task Force, Covering ETF Tokenization and Staking Risks

According to Nate Geraci, president of The ETF Store, VanEck, a top-ten ETF issuer, held a meeting today with the U.S. Securities and Exchange Commission (SEC) Crypto Task Force. The agenda included:

1. Discuss the applicability of the newly proposed universal listing standards for commodity and crypto ETFs to liquid staking tokens;
2. Study the liquidity risk policies and procedures for pledge products;
3. Explore the tokenization of private and registered funds, especially the impact of ETF tokenization and the role of issuers;
4. Review VanEck’s global tokenization exploration;
5. Involving decentralized finance and crypto asset regulation, including compliance issues of security tokens and ICOs;
6. Consider potential amendments to the Investment Advisers Act’s custody rules, such as the use of multi-party computing (MPC) software for secure custody of digital assets.