Market StructureRegulatory Development
Wall Street’s Transfer Agent Rules Need an Onchain Upgrade - Ondo Finance
Ondo Finance publishes a proposal and analysis arguing that traditional Wall Street transfer agent regulations require an onchain upgrade to properly support tokenized securities and native digital assets.
So what
Modernizing transfer agent rules is a critical regulatory bottleneck for the institutional adoption of tokenized assets. If accepted by regulators, streamlining these frameworks will allow issuers to maintain direct on-chain cap tables without relying on legacy clearinghouses like the DTC, drastically reducing settlement friction and operational overhead.