Tokenized Asset Manager Superstate Registers Transfer Agent with SEC
Tokenized Asset Management Company Superstate Registers Its Transfer Agent with the SEC
Superstate Services will initially support the company's two funds and then intends to expand its services to other issuers as the tokenized securities market develops.
Christian Sandor, AI Boost | Edited by Steven Alpher Updated Mar 7, 2025 1:39 PM UTC Published Mar 6, 2025 4:56 PM UTC
Key points:
- Blockchain-based asset company Superstate has registered its digital transfer agent, Superstate Services LLC, with the U.S. Securities and Exchange Commission (SEC) to integrate tokenized assets with existing financial regulations.
- Superstate Services will use blockchain accounting to monitor ownership in real time and use a smart contract-based asset whitelist to ensure that only accredited investors can purchase tokenized shares.
- The registration comes after a recent statement from SEC Commissioner Hester Peirce, who highlighted the importance of transfer agents in the future of tokenized securities.
Blockchain asset management company Superstate said Thursday it has registered its digital asset transfer agent, Superstate Services LLC, with the U.S. Securities and Exchange Commission (SEC), a move designed to bring tokenized assets into compliance with existing financial regulations.
Transfer agents help issuers manage shareholder records, process transactions, and distribute dividends. As securities increasingly move into the digital realm, digital transfer agents play a key role in compliance and governance. Superstate Services will use blockchain-integrated record-keeping to track ownership in real time. A smart contract-based permissions list ensures that only accredited investors can purchase tokenized shares.
“With this innovative approach, Superstate improves compliance with tokenized security requirements while integrating into the existing regulatory regime,” the company says.
Superstate's registration comes after SEC Commissioner Hester Peirce, who leads the agency's cryptocurrency task force, highlighted the importance of transfer agents to the future of tokenized securities in a statement last month.
Read More: SEC Commissioner Hester Peirce Outlines 10 Priorities for New Cryptocurrency Task Force
Led by CEO Robert Leshner, Superstate is a leading player in the tokenized asset space, offering two tokenized securities funds, USTB and USCC, with combined assets under management of over $420 million.
Superstate Services will initially only support its own funds, but the company plans to expand its services to other issuers as the tokenized securities market grows.
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