Wall Street transfer agents lobby SEC, warning that third-party tokens pose risks to market integrity

Wall Street transfer agents are lobbying the SEC to favour issuer-authorised tokenised shares over third-party stock tokens, arguing that only official shareholder registry tokens should qualify as true tokenised securities. The debate reflects a regulatory fork in the emerging market for blockchain-based equities, with incumbents pushing to gate the architecture.

This Wire brief sits within Fusion42's coverage of Fintech. Wire is Fusion42's founder-focused intelligence feed: each story is connected to the funds and startups it names — every one with a live profile on Raise or Scout — so founders can follow the capital and the momentum behind the headline rather than just the headline itself. Wire analysis is one of the live surfaces Arthur, Fusion42's AI co-founder, reasons over.