Injective Registers With SEC as Transfer Agent to Expand US Tokenization Business

Layer-1 blockchain Injective has registered with the US Securities and Exchange Commission as a transfer agent, as it moves to expand its tokenization business for institutional real-world assets in the US.

Bitcoin.com reported on August 21 that Injective's institutional services unit had registered with the SEC as a transfer agent. Injective said it is the first layer-1 blockchain to secure SEC transfer-agent status.

A transfer agent maintains official ownership records for securities and handles work including securities transfers, dividend distributions and shareholder administration. Injective said the registration allows it to use blockchain infrastructure for those functions while complying with US securities regulations.

Injective said the registration shows it has established the regulatory record-management framework required by US capital markets. The company added that it has built the full infrastructure needed for on-chain capital markets.