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SEC Proposes Rules Recognizing Blockchain-Based Equity Settlement

The proposal would allow transfer agents to use distributed ledgers to record and transfer securities while addressing fragmented ownership records.

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Coin Desk

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The SEC Is finally modernizing transfer-agent rules. Wall Street must not repeat the ‘paperwork crisis’

If ownership data is split across a token wrapper, a special-purpose vehicle (SPV), a broker’s internal ledger and a transfer agent's off-chain database, we are setting the stage for a Paperwork Crisis for the blockchain age, argues Fairmint’s Joris Delanoue.

2 hours ago·New York, United States

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BITRSS

The SEC Plans to Update Its Transfer Agency Rules to Include Blockchain Technology Within the Securities Regulatory Framework.

ChainCatcher reports that, according to CoinDesk, the U.S. Securities and Exchange Commission (SEC) announced its first major update to transfer agency rules since the 1970s on September 1st. Chairman Paul Atkins explicitly stated that the rules should cover the application of blockchain technology in securities issuance and equity transfer. Fairmint co-founder Joris Delanoue wrote that if ownership data is scattered across token wrapping layers…

2 hours ago

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