SEC Modernizes Transfer-Agent Rules, Fairmint Warns — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Fairmint's Joris Delanoue warns that fragmented ownership data across token wrappers, special-purpose vehicles (SPVs), brokers' internal ledgers, and transfer agents' off-chain databases is "setting the stage for a Paperwork Crisis for the blockchain age" as the SEC modernizes transfer-agent rules.
- The SEC is finally modernizing its transfer-agent rules, with Delanoue urging Wall Street not to repeat prior paperwork crises in the new tokenized-asset landscape.
Why it matters: Tokenized securities introduce layered ownership structures — on-chain token wrappers, off-chain SPVs, broker ledgers — that traditional transfer agents were not built to reconcile. If the SEC's modernization doesn't address how these records connect, investors and regulators could lose the ability to verify beneficial ownership at scale.
Ask SkimNews
