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Superstate, a firm focused on on-chain asset management, has revealed that its blockchain-based transfer agency, Superstate Services LLC, has been listed with the U.S. Securities and Exchange Commission (SEC).
The listing of this digital transfer agent corresponds with Superstate’s aim of using blockchain technology to support the combination of tokenized securities. The firm mentioned in a blog post that ensuring compliance with current regulatory structures is a main priority for Superstate Services LLC as they bring real-world assets onto the blockchain.
The tokenized securities market, for both issuers and the overall market, profits from transfer agents, which monitor share ownership, issuance, and redemption. With a transfer agent in place, issuers can focus on business expansion and operations while ensuring effective governance and increasing shareholder confidence.
Superstate’s agency services seek to bring these benefits to the market, enabling issuers to utilize the asset management firm’s on-chain record-keeping system for real-time ownership monitoring.
“Initially, Superstate Services will solely support our Superstate funds as we seek to expand their distribution. However, our aim is for Superstate Services to become a key enabling service provider for all issuers as more securities become tokenized,” the firm stated.
The asset management firm’s tokenized securities funds are predicted to benefit from this, including the Superstate Short-Term U.S. Government Bond Fund (USTB) and the Superstate Crypto Cash & Carry Fund (USCC).
USTB allows qualified purchasers and accredited investors to explore investment opportunities through short-term U.S. Treasury bills, while USCC offers institutional investors a crypto cash & carry strategy. According to data from rwa.xyz, USTB has over $319 million in assets under management (AUM).
This SEC listing comes amid a generally positive regulatory environment for crypto in the United States.
Caroline Pham, the acting head of the Commodity Futures Trading Commission (CFTC), noted that the CFTC and SEC are in discussions to improve their regulatory cooperation. Toncoin (TON) Value Forecast for March 26th
