Regulation· ★★★★· bullish·

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