Asseto is joining forces with AlfaR, a licensed fund services provider, to build Asia's first Digital Transfer Agent (DTA) service. Fund share registers will be recorded and maintained directly on-chain, with the on-chain record serving as the official record of ownership. The service is jointly operated. Asseto provides the tokenization technology, on-chain infrastructure and distribution network. AlfaR, whose controls carry KPMG-audited ISAE 3402 Type II certification, provides investor onboarding, NAV calculation and transfer agency. Starting with fund products, the two connect onboarding, subscription, transfer and redemption in one workflow. For asset managers, that means one ledger to run instead of two to reconcile. For investors, the shares they hold on-chain are the shares on the register. The timing matters. On September 1, the SEC proposed allowing registered transfer agents to use a blockchain as the official securityholder master file. With AlfaR, we are putting that model into everyday fund operations. Read the full breakdown of how the DTA framework works on our blog: