Injective Secures Transfer-Agent Status from SEC
Injective has become the first layer-1 blockchain to secure transfer-agent status from the US Securities and Exchange Commission. This move marks a significant step for the company as it expands its tokenization business in the US, particularly for institutional real-world assets.
A transfer agent is responsible for maintaining official ownership records for securities and handling tasks such as securities transfers, dividend distributions, and shareholder administration.
With this registration, Injective can now use blockchain infrastructure to perform these functions while adhering to US securities regulations. The company claims that it has established the necessary regulatory framework required by US capital markets and built the full infrastructure needed for on-chain capital markets.