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SEC Proposes Allowing Transfer Agents to Use Blockchain for Securities Ownership Records

OdailyOdaily

Odaily News: Fox Business crypto reporter posted on X platform that the U.S. Securities and Exchange Commission today unveiled another rule proposal related to the crypto industry, aiming to update decades-old transfer agent rules to incorporate blockchain technology and tokenized securities. The proposal would allow transfer agents responsible for maintaining securities ownership records to use blockchain as the official record. Relevant institutions would also need to report the number of tokenized securities they service and the blockchain platforms used. This move is another step in the agency's push to bring the U.S. securities market on-chain.

This content is for informational and educational purposes only and does not constitute investment advice related to BTCC. BTCC makes every effort but cannot guarantee the truthfulness, accuracy, or originality of the content above.