The U.S. Securities and Exchange Commission SEC proposed a new rule last week to comprehensively revise the transfer agent rules that have been in place fo...
- The U.S. SEC has proposed new rules allowing blockchain ledgers to serve as official records of securities ownership, potentially replacing traditional off-chain registers.
- This change aims to reduce operational friction and inconsistencies for tokenized securities by enabling blockchain to act as the master security document.
- Despite the move towards blockchain, regulatory controls like identity verification and transfer restrictions will remain embedded in tokens, with transfer agents still managing administrative tasks.
Topics: Legal regulatory, Infrastructure providers, Blockchain usage, Securities law classification, Tokenization platforms, Ethereum evm l 1 s
Tags: #sec #transferagentrules #blockchainledgers #securitiesownership #tokenizedsecurities #onchainrecords #shareholderregisters #operationalfriction #identityverification #regulatorycontrols