regulation and policy

Digital Chamber Pushes SEC for Regulatory Flexibility in Tokenized Securities and Blockchain Records

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The Digital Chamber filed a formal comment letter asking the U.S. Securities and Exchange Commission to update transfer agent rules for tokenized securities and blockchain-based records. A separate coalition that includes Securitize, Figure, Centrifuge, Equiniti and Plume Network also submitted a joint comment letter on the SEC’s transfer agent modernization proposal.

Key claims & sources

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The Digital Chamber asked for on-chain ledgers to be allowed to serve as the official master securityholder file without a mandatory off-chain duplicate.
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A coalition including Securitize, Figure, Centrifuge, Equiniti and Plume Network filed a joint comment letter with the SEC on its transfer agent rules modernization proposal.
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The SEC-hosted filing was submitted by the participating firms and the coalition they formed around the modernization proposal.

What it means

The SEC’s transfer agent rules sit at the center of how securities ownership records are maintained and updated in the United States, and tokenized securities push those rules into a new setting. The Digital Chamber’s filing shows that blockchain-based recordkeeping is now being pressed into the same regulatory framework that governs traditional transfer agents. This is happening alongside a broader effort by industry participants to get the SEC to recognize how distributed ledgers handle securities records.

If the SEC accepts more flexible recordkeeping standards, firms building tokenized securities could rely more directly on blockchain infrastructure for shareholder registries and transfers. That would matter for companies that want to avoid running separate off-chain records alongside on-chain systems, which adds operational complexity. The practical question is whether existing securities compliance rules can be fit to a ledger-based model without forcing issuers and intermediaries to keep duplicate systems.

The push also highlights a deeper dispute over how far tokenization should be folded into legacy market plumbing. Supporters want the law to treat blockchain records as core market infrastructure, while the traditional framework was built around centralized transfer agents and duplicated books. That tension is about more than one filing: it is about whether the market keeps adapting old rules to new rails or keeps new rails constrained by older assumptions. (per thecryptocurrencypost.net)

Market reaction i

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Coverage timeline

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+1 d 14 h
Nov 6 14:16
The Cryptocurrency Post context
Its angle: modernization, participating, participants; with quotes

Has this happened before?

WhenWhat happenedFigure
4 days ago SEC Staff Grants Canton Coin No-Action Relief for Token Minting event 1 actors in common · 11 news media
4 days ago Aave Labs, Kamino and Veda submit DeFi lending legal framework to the SEC event 1 actors in common · 3 news media
4 days ago CFTC Just Opened America’s Stock Market to Perpetual Futures event 1 actors in common · 13 news media
5 days ago SEC Staff Clarifies When Token Voters Are Not a 'Central Party' event 1 actors in common · 8 news media
7 days ago OKXICE Stock-Token Objections Reach 50, Including Nvidia event 1 actors in common · 13 news media