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.
Weekly policy news for Ethereum and digital assets >