News Report

The US Securities and Exchange Commission has proposed modernizing transfer-agent rules that have remained largely unchanged since the 1980s. The proposal addresses blockchain-based records, tokenized securities and increasingly automated market infrastructure.

3CBlock Analysis

Modernized transfer-agent standards could clarify how onchain ownership records fit within established securities-market controls. The practical effect may depend on final definitions, public comments and the operational requirements imposed on intermediaries using distributed-ledger systems.