Asseto Finance(@AssetoFinance):The SEC released a 421-page proposal that would let registered transfer agents use a blockchain as their official master securityholder file, giving an on-chain ledger the same legal standing as a traditional register. It is the first systematic overhaul of these rules since the late 1970s. The line the proposal draws is the key part. It does not recognize just any chain. The transfer agent must keep exclusive control of the on-chain register; a permissionless public token contract would not qualify, and only a smart contract with compliant code review and access controls would. What the regulator is endorsing is not decentralization itself, but a controlled, compliant on-chain ledger.

2026.09.13 02:20

The SEC released a 421-page proposal that would let registered transfer agents use a blockchain as their official master securityholder file, giving an on-chain ledger the same legal standing as a traditional register. It is the first systematic overhaul of these rules since the late 1970s. The line the proposal draws is the key part. It does not recognize just any chain. The transfer agent must keep exclusive control of the on-chain register; a permissionless public token contract would not qualify, and only a smart contract with compliant code review and access controls would. What the regulator is endorsing is not decentralization itself, but a controlled, compliant on-chain ledger.