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NASAA — North American Securities Administrators Association
NASAA coordinates state securities regulators across 50 US states — and its positions on token offerings directly determine whether digital securities issuers must navigate state Blue Sky laws in addition to federal SEC exemptions.
Lens 2 · Regulatory Intelligence
State-by-State Digital Asset Regulation: The 50-State Compliance Map for Tokenized Securities
Beyond federal law, tokenized security issuers face a patchwork of state money transmission laws, Blue Sky securities regulations, and state-specific blockchain statutes. This map identifies the key state-level compliance considerations for US tokenization.