Fairmint warns SEC blockchain share records could revive 1960s paperwork crisis
- —SEC proposed updating transfer agent rules on September 1, the first major revision since the late 1970s
- —In the 1960s the NYSE closed every Wednesday for six months to clear a paperwork backlog
- —Fairmint calls for a shared open standard for ownership data
- —Fairmint registered as a transfer agent in 2023 and keeps its share registry onchain
Why it matters: The outcome will decide whether tokenized shares become the official ownership record or just a digital duplicate of it.
Source: Koin Bülteni