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Superstate Registers Digital Transfer Agent with SEC for Tokenized Assets
Superstate has registered its digital transfer agent, Superstate Services LLC, with the U.S. Securities and Exchange Commission (SEC). This aims to align tokenized assets with financial regulations.
- Transfer agents manage shareholder records, transactions, and dividends.
- Superstate Services will utilize blockchain for real-time ownership tracking.
- A smart contract-driven allowlist will restrict tokenized share purchases to approved investors.
- SEC Commissioner Hester Peirce emphasizes the role of transfer agents in future tokenized securities.
- Superstate manages over $420 million across two tokenized security funds, USTB and USCC.
- Initially, services will be limited to Superstate's own funds, with plans to expand to other issuers.