This one is easy to miss, but it could end up being a really important rulemaking for tokenized securities. The SEC just proposed its first major update to the transfer agent rules in decades, and the proposal explicitly addresses the reality that securities are increasingly being recorded and transferred electronically, including on blockchain networks. Transfer agents aren't exactly the sexiest part of capital markets, but they sit right in the middle of one of the most important questions in tokenization: ⭐️Who is the official record of ownership when the security lives onchain?⭐️ The SEC is asking some very interesting questions around how transfer agent rules should work as securities move onchain, including whether digital wallet addresses and other digital identifiers should be usable in place of traditional information. This proposal has been more than a decade in the making. If you're building tokenized securities infrastructure, this is one I'd actually read. The comment period will be open for 60 days after publication in the Federal Register.