SEC: Updates Transfer Agent Rules for Blockchain
SEC proposes blockchain as official record for transfer agents servicing tokenized securities, with mandatory platform reporting.
SourceAnalysis
SEC proposed modernizing its transfer agent rules to let firms use blockchain as the official ownership record for tokenized securities. Registered agents must now disclose volumes of tokenized securities handled and the specific blockchain platforms deployed. The update advances the agency's multi-year effort to shift U.S. securities markets onchain while preserving investor protections established since the Great Depression era.
Eleanor Terrett
@EleanorTerrettBritish-born Fox Business journalist and producer, JMU graduate breaking news with a global perspective.