SEC Proposes Overhaul of Transfer Agent Rules to Recognize Onchain Share Registries
- —SEC proposes first major transfer agent overhaul since the 1970s
- —Blockchain would be used to record and transfer securities
- —Firms urge distinction between native onchain registries and token wrappers
- —Proposal calls for updating Form TA-2 and recognizing smart contracts for compliance
Why it matters: The reform will determine whether blockchain becomes an official share registry, a key step for tokenizing capital markets.
Source: PANews