If ownership data is split across a token wrapper, a special-purpose vehicle (SPV), a broker’s internal ledger and a transfer agent's off-chain database, we are setting the stage for a Paperwork Crisis for the blockchain age, argues Fairmint’s Joris Delanoue. On Sept. 1, the U.S. Securities and Exchange Commission proposed the first major update to its transfer-agent rules since the late 1970s. While part of the agency’s ongoing modernization efforts as the world moves from paper records t…
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