Blockchain Association said it has launched a new Vaults working group, bringing together dozens of member firms to take part in policy discussions in Washington. The group is focused on Vaults, which the association described as an emerging piece of onchain financial infrastructure that can give users exposure to multiple assets while supporting composable and customized strategies with different levels of human control, governance, and risk.
According to the association, the working group will engage directly with the U.S. Securities and Exchange Commission to support responsible product development. It also aims to help lawmakers understand how Vaults operate and how existing regulatory frameworks should apply to them. Blockchain Association said the goal is to make sure rules reflect the technology itself so that responsible innovation can develop in the United States.
The group’s disclosed participants include a16z crypto, Aave, Casper Network, Dinari, dYdX Foundation, Ethena, FalconX, FWD, Grayscale, Ground, Halliday, Injective, Monarq, Morpho, Multicoin, Mysten Labs, Offchain Labs, Predicate, Plume Network, Stellar, UDHC, Uniswap, and Wintermute.
Blockchain Association said it recently launched a Vaults working group, with dozens of member organizations joining policy discussions in Washington.
The association described Vaults as an emerging form of onchain financial infrastructure. It said they can give users exposure to multiple assets while offering composable, customized strategies that differ in human control, governance, and risk. In its view, Vaults could make onchain financial markets more transparent, more efficient, more composable, and easier to access.
Direct engagement with the SEC
Blockchain Association said the working group will communicate directly with the U.S. Securities and Exchange Commission, or SEC, to support responsible product development and help lawmakers understand how Vaults work and how existing regulatory frameworks should apply.
The stated goal is to ensure rules reflect the technology itself, allowing responsible innovation to develop in the United States.
Participating organizations disclosed so far
Organizations named so far include a16z crypto, Aave, Casper Network, Dinari, dYdX Foundation, Ethena, FalconX, FWD, Grayscale, Ground, Halliday, Injective, Monarq, Morpho, Multicoin, Mysten Labs, Offchain Labs, Predicate, Plume Network, Stellar, UDHC, Uniswap, and Wintermute.
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