RegulationSep 11, 2026, 5:31 AM EDT
Invezz
Tokenization is often described as a way to remove intermediaries from securities markets. In practice, the intermediary that matters most, the transfer agent, has not disappeared from compliant tokenized securities built natively on chains like Trusted Smart Chain. It has moved on-chain, and whether it exists at all is one of the clearest ways to tell if a tokenized security is operating inside US securities law or outside it. What a transfer agent actually does A transfer agent maintains the official record of who owns a security, processes transfers, and keeps that record synchronized with the issuer and with regulators.