⚖️ SEC Proposes Major Rule Overhaul for Blockchain Transfer Agents
The US SEC has proposed a massive update to rules governing transfer agents, marking the first major overhaul since the 1980s. The move specifically targets blockchain-based recordkeeping and tokenized securities.
The proposal aims to modernize how securities are registered and transferred, acknowledging that market participants are pushing for onchain transfer agents. Current rules are based on paper certificates and manual records, which the agency says are no longer adequate.
New requirements will focus on cybersecurity, operational resilience, and the safeguarding of investor records in an automated digital environment. Transfer agents will face expanded reporting and compliance standards for third-party service providers.
#SEC #Blockchain #Tokenization #Regulation
The US SEC has proposed a massive update to rules governing transfer agents, marking the first major overhaul since the 1980s. The move specifically targets blockchain-based recordkeeping and tokenized securities.
The proposal aims to modernize how securities are registered and transferred, acknowledging that market participants are pushing for onchain transfer agents. Current rules are based on paper certificates and manual records, which the agency says are no longer adequate.
New requirements will focus on cybersecurity, operational resilience, and the safeguarding of investor records in an automated digital environment. Transfer agents will face expanded reporting and compliance standards for third-party service providers.
#SEC #Blockchain #Tokenization #Regulation
🚨 Microsoft and Alphabet Object to Tokenized Stock Trading
Microsoft, Alphabet, and Goldman Sachs have officially joined a growing list of 16 companies objecting to their shares being traded on OKXICE TSV, a new tokenized stock venue. This platform is a joint venture between the OKX exchange and NYSE owner Intercontinental Exchange (ICE).
The venue plans to offer 24/7 trading of U.S. stocks on the XLayer blockchain using Uniswap v4 liquidity pools. All trades are settled in stablecoins like USDC and USDT. Other major firms filing objections include McDonald’s, Qualcomm, and Caterpillar.
#OKX #Tokenization #RWA #SEC
Microsoft, Alphabet, and Goldman Sachs have officially joined a growing list of 16 companies objecting to their shares being traded on OKXICE TSV, a new tokenized stock venue. This platform is a joint venture between the OKX exchange and NYSE owner Intercontinental Exchange (ICE).
The venue plans to offer 24/7 trading of U.S. stocks on the XLayer blockchain using Uniswap v4 liquidity pools. All trades are settled in stablecoins like USDC and USDT. Other major firms filing objections include McDonald’s, Qualcomm, and Caterpillar.
#OKX #Tokenization #RWA #SEC
💰 Ripple & Aviva: £22 Billion Giant Expands on XRPL
British asset manager Aviva has launched a second tokenized share class on the XRP Ledger (XRPL), investing £50 million ($66 million) into its Sterling Liquidity Fund. This brings Aviva's total XRPL-based investments to over £86 million ($116 million).
The fund being tokenized is a massive £22 billion vehicle. The move utilizes the XRPL Multi-Purpose Token (MPT) standard, allowing Aviva to maintain strict compliance controls, including clawback features and restricted transfers, while using blockchain for issuance and redemption.
Simultaneously, Ripple introduced its 24/7 Returns product at the Swell 2026 conference. This allows corporate clients to generate returns on idle cash using the RLUSD stablecoin and other digital assets held in Ripple wallets, operating outside traditional banking hours.
#Ripple #XRP #Tokenization #Aviva #XRPL
British asset manager Aviva has launched a second tokenized share class on the XRP Ledger (XRPL), investing £50 million ($66 million) into its Sterling Liquidity Fund. This brings Aviva's total XRPL-based investments to over £86 million ($116 million).
The fund being tokenized is a massive £22 billion vehicle. The move utilizes the XRPL Multi-Purpose Token (MPT) standard, allowing Aviva to maintain strict compliance controls, including clawback features and restricted transfers, while using blockchain for issuance and redemption.
Simultaneously, Ripple introduced its 24/7 Returns product at the Swell 2026 conference. This allows corporate clients to generate returns on idle cash using the RLUSD stablecoin and other digital assets held in Ripple wallets, operating outside traditional banking hours.
#Ripple #XRP #Tokenization #Aviva #XRPL