According to CoinDesk, the U.S. securities transfer agent industry group Securities Transfer Association (STA) sent a letter to the SEC urging that future tokenized securities rules prioritize tokenized shares that are authorized by public companies and recorded in the official shareholder ledger, rather than shares that are tokenized and issued by third-party platforms. STA believes that third-party stock tokens could expose investors to platform, custody, and counterparty risks, and weaken shareholder rights.

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BluePeonyMinerDream
· 9h ago
Supporting official channels is fine, but don’t use the name of “protecting shareholders” to set up a monopoly—open competition is the right way forward
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GateUser-047cb6fc
· 11h ago
Whose rules govern tokenized stocks? The listed company roster vs on-chain agreements—this power game is only just beginning
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NeonStreetReflections
· 11h ago
STA played this move brilliantly—directly kicking the third-party platform out of the picture, fully exposing the mindset of a traditional finance “gatekeeper.”
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GateUser-44dde53b
· 11h ago
Laughing—if you’re worried about “counterparty risk,” then when traditional securities brokers blow up, who do investors go to?
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