#SECMarketModernization
About SECMarketModernization
The SEC proposed Sep 1 to update transfer agent rules. These agents keep holder records, handle corporate actions and sit in clearing; the update adapts rules to e-records and blockchain in issuance and transfers, now at comment stage. Same day, the SEC set a Sep 17 roundtable on 24-hour US equities: Robinhood, NYSE, BlackRock, Nasdaq, DTCC and Citadel on readiness, surveillance, clearing, resilience and liquidity. Two tracks, one test: efficiency without losing records and investor protection.
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BREAKING: The SEC has proposed new rules to move stock ownership records onto the blockchain.
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$BNB
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RWA doesn’t really need more tokens.
The harder part is everything that comes after tokenization.
Who can own the asset?
Who can transfer it?
What happens across different jurisdictions?
How do you manage mint, burn, redemption, custody, and other permissions?
That’s what I find interesting about Injective Mint.
It’s not just about putting an asset onchain. It’s about bringing the rules governing that asset onchain as well.
Issuers can define eligible holders, jurisdiction restrictions, transfer permissions, freeze addresses, or pause an asset when necessary.
And once issued, these assets can potentially connect to trading, lending, derivatives, collateral, and settlement, depending on the legal structure and integrations.
Injective’s SEC-registered transfer agent is another interesting piece of the puzzle.
To me, the bigger direction looks like:
Tokenization → Rules → Recordkeeping → Settlement → Financial Markets
That’s much more interesting than simply putting real-world assets onchain.
Mint is still in private beta, so it’s too early to know how far this model can go.
But the direction is definitely worth watching @injective
Not financial advice.
I personally pitched this to Gensler years ago and it never became a priority so I am glad to see this finally getting done since it has important implications for digital transfer agents and tokenization. Kudos to the current SEC leadership for making it happen. Progress.
Securitize
Today, the SEC announced a proposal to modernize the rules governing registered transfer agents. We are encouraged to see the Commission recognize that these rules should evolve as the industry adopts new technologies, including blockchain.
As the first operational transfer agent leveraging blockchain technology, we have always believed that transfer agents are a critical part of market infrastructure, in fact, it’s something we said in our initial response to the SEC’s Crypto Task Force:
“Transfer agent rules need to be modernized to leverage the power of tokenized securities, including using a public blockchain, as augmented by the transfer agent.”
Modernization should raise standards, not lower them. Updating the regulatory framework to reflect how securities markets and their underlying technology are evolving is exactly the right move.
Credit to Chairman Atkins, Director Jamie Selway, Commissioner Hester Peirce, and the SEC for continuing to move the regulatory framework forward. This regulatory momentum, alongside real industry adoption, is a strong tailwind for digital securities.
We will submit comments during the public comment period and look forward to engaging with the Commission.
The SEC announced the agenda for its Sept. 17 roundtable on 24/7 U.S. securities trading — bringing NYSE, Nasdaq, Citadel, DTCC, Robinhood and others to the table — and separately proposed a rule that would formally recognize blockchain technology in the role of transfer agents for the first time. The transfer-agent rule, open for 60-day comment, would allow blockchains as official records of securities transactions and asks a question central to the tokenization era:
The SEC just proposed modernizing transfer agent rules, the framework governing custody and transfer of securities ownership, for the first time since the 1970s-80s. The proposal explicitly names blockchain as an acceptable way to handle these functions.
This closes one of the last major regulatory gaps blocking institutions from moving securities settlement onto distributed ledger infrastructure. Banks and asset managers now have a clearer compliance path to adopt Ethereum-based tokenization platforms at scale.
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