Superstate Enables SEC-Registered Share Issuance on Ethereum and Solana
- Superstate has launched Direct Issuance Programs allowing the issuance of SEC-registered shares on Ethereum and Solana, settling sales in stablecoins.
- As of early September, Galaxy Digital tokenized 32,374 GLXY shares, establishing a model for on-chain cap tables under transfer agent supervision.
- The SEC acknowledges that blockchains can serve as official Master Securityholder Files for registered transfer agents, enhancing compliance with securities laws.
- Backpack exchange plans to list SEC-registered U.S. equities via Superstate, initially targeting non-U.S. markets while pursuing U.S.-based broker-dealer permissions.
- DTCC has launched a tokenized collateral platform, which may integrate with corporate action workflows by late next year.
The introduction of blockchain technology in share issuance allows for real-time ownership updates and compliance with regulatory frameworks, facilitating a shift from traditional systems to digital platforms.
With Galaxy Digital’s successful tokenization of shares and Superstate’s framework, the infrastructure for issuing registered shares on public blockchains is being established effectively.(Source)
