Regulators Hear Arguments on Tokenized Stock Ownership

Federal regulators are hearing arguments over how stocks should move to blockchain rails, CoinDesk reported Monday (July 13). One of the arguments comes from the Securities Transfer Association (STA), a trade group representing transfer agents and its members, including major Wall Street institutions, according to the report. The STA is lobbying the Securities and Exchange Commission to give preferential treatment to issuer-sponsored tokenized securities , rather than tokens issued by intermedia