Ondo Finance submitted a comment letter to the Securities and Exchange Commission requesting that people who hold tokenized stocks and ETFs get direct access to transfer agents, matching what traditional brokers receive through the Depository Trust Company system. The firm also asked regulators to avoid requiring repeated collection of verified personal data and to allow transfer agents to work with public blockchains without needing to control entire networks.
The SEC proposed updating its transfer agent rules in September, marking the first major revision since the late 1970s. Chair Paul Atkins said the changes would reflect current practices including electronic communications and blockchain use. The public comment period closed on November 3.
Read the full story on BSC News: Ondo Finance Urges SEC to Give Tokenized Stock Holders Transfer Agent Access Like DTC
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