Wu Shuo learned that Injective posted that it has officially submitted a Transfer Agent registration application to the U.S. Securities and Exchange Commission (SEC). This move aims to build a regulated path for issuing on-chain securities. As the custodian of ownership records in the securities market, the Transfer Agent performs core functions such as verifying shareholder identities, voting rights, and processing trade transfers. Injective plans to migrate this functionality onto the chain, aiming to improve the settlement speed of tokenized securities, enhance record transparency, and enable compliant processes through decentralized infrastructure. Injective stated that this deployment will support a U.S.-compliant expansion of the real-world assets (RWA) market infrastructure under regulation.