#sec-guidance

[rwatimes]

Tokenized Stocks: $1B Market, $20B Volume, and the Transfer Agent's Role

Tokenized Stocks: $1B Market, $20B Volume, and the Transfer Agent's Role

➤ The tokenized equities market has experienced significant growth, reaching $963 million in market value and generating $20 billion in trading volume since its launch. ➤ Recent SEC guidance and the NYSE's partnership with Securitize as a digital transfer agent have provided regulatory clarity and operational footing for tokenized securities. ➤ The role of transfer agents is evolving from record-keeping to enabling corporate actions and bridging traditional finance with digital asset markets, exemplified by the Computershare-Securitize alliance.

[rwatimes]

Could Crypto Become A Security? What That Means For Investors

For years, one of crypto's most unresolved questions has been whether a given token is a security. The answer determines whether issuers must register with regulators, whether exchanges can list the token

➤ The SEC has reaffirmed the Howey Test as the standard for classifying crypto assets, introducing a five-category framework: digital commodities, collectibles, tools, stablecoins, and digital securities. ➤ Payment stablecoins under the GENIUS Act are excluded from security definitions, providing regulatory clarity for their use in payments, while mining, staking, and airdrops are generally not considered securities transactions. ➤ Investors must now carefully assess how crypto assets are marketed and their level of decentralization, as tokens can shift between security and non-security status, impacting regulatory obligations and market access.