🏛️ #SEC Moves to Modernize Transfer Agent Rules The SEC has proposed updating transfer agent rules to account for blockchain use in #securities ownership records and #tokenized assets. 🔗 Know more in comments

🏛️ POLICY: The SEC wants to let public blockchains hold Wall Street’s official shareholder records. The catch: a registered transfer agent would still control the legal record, and wallet addresses alone would not satisfy shareholder identity rules.

The SEC is rewriting 50-year-old Wall Street rules to let public blockchains decide who legally owns a stockFrom cryptoslate.com

JUST IN: The SEC proposed modernizing transfer agent rules last updated in the early 80s The update is meant to cover blockchain in securities offerings and share transfers