SEC proposal to overhaul transfer-agent rules could reduce costs for tokenized securities
Source Summary
The SEC has proposed changes to transfer-agent regulations that could eliminate duplicate offchain shareholder records for tokenized securities. The overhaul aims to reduce reconciliation costs and legal uncertainty in the tokenized securities market.
Why it matters
Streamlining transfer-agent rules could lower operational barriers and legal costs for companies issuing tokenized securities, potentially accelerating adoption of blockchain-based securities.
