Superstate Registers Transfer Agent with SEC for Tokenized Assets
Superstate Services is set to support the firm’s funds and expand to other issuers amid a growing interest in tokenized securities.
What You Need to Know
- Superstate has successfully registered its digital transfer agent, Superstate Services LLC, with the U.S. Securities and Exchange Commission (SEC). This initiative aims to align tokenized assets with current financial regulations.
- The services provided will introduce blockchain-based record-keeping for real-time ownership tracking, ensuring that only approved investors can purchase tokenized shares.
- The decision follows discussions led by SEC Commissioner Hester Peirce, emphasizing the vital role of transfer agents in the tokenized securities market.
The registration of Superstate Services, a blockchain asset management firm, signifies a step forward in the intersection of traditional financial frameworks and innovative blockchain solutions. Through this strategic move, Superstate not only complies with existing regulations but also enhances the landscape for tokenized assets.
“Through this innovative approach, Superstate advances tokenized security compliance while integrating into the existing regulatory regime.”
Superstate, under the leadership of CEO Robert Leshner, manages two tokenized security funds, USTB and USCC, with over $420 million in assets. The firm plans to broaden its services to include support for other issuers as demand for tokenized solutions grows.
