Injective becomes SEC-registered transfer agent as it expands tokenization push
Injective says the registration gives it a regulated way to keep track of who owns tokenized securities and how those assets change hands.
Injective, a DeFi-focused Layer 1 blockchain, has obtained SEC registration as a transfer agent through its subsidiary, Injective Institutional Services. This development signifies a crucial advancement in the blockchain industry's endeavor to integrate regulated securities infrastructure onto the blockchain. Transfer agents are responsible for maintaining records of security ownership, processing changes in ownership, and handling corporate actions like distributions.
Injective's move to become the first Layer 1 blockchain with the necessary infrastructure and regulatory readiness for tokenization marks a significant milestone. The registration enables the company to track tokenized securities ownership and transactions more efficiently, making the process faster, more transparent, and easier to automate.
As institutional interest in tokenization grows, traditional financial firms are also exploring blockchain-based solutions for issuance, trading, and settlement. Injective, backed by Binance, Jump Crypto, Pantera, and Mark Cuban, has a native token (INJ) with a market cap of around $450 million, which has seen an 8% increase in value as of the article's publication.
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