Why a new SEC plan could ease a legal headache for tokenized securities
The U.S. SEC has proposed new rules that would allow blockchain ledgers to serve as official records of securities ownership. This move aims to reduce legal uncertainty and reconciliation costs for tokenized assets by eliminating the need for parallel off-chain records.
Why it matters
This proposal represents a significant step toward integrating blockchain technology into the formal, legally recognized financial infrastructure.
Isinalin ng AI 3 min pagbasa Make preferred on Ibahagi Ibahagi ang artikulong ito Kopyahin ang link X icon X (Twitter) LinkedIn Facebook Email Make preferred on SEC Chairman Paul Atkins (Jesse Hamilton/CoinDesk) Buod Ipakita The SEC has proposed allowing electronic databases, including blockchain ledgers, to serve as the official record of securities ownership. The change could eliminate duplicate offchain shareholder records, reducing reconciliation costs and legal uncertainty for tokenized securities. Transfer agents would still have to enforce securities rules and handle administrative duties, with public comments on the proposal due in early November. Here is an awkward problem for companies that are putting stocks on a blockchain: The onchain data can show who owns the token, but the legal shareholder record sits somewhere else.
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