Executive TL;DR On 1 September 2026, the SEC proposed its first comprehensive overhaul of transfer agent rules since the late 1970s and early 1980s, explicitly citing blockchain-based recordkeeping and tokenized securities as a driver. The proposal revises Forms TA-1...
Executive TL;DR • Three terms dominate institutional blockchain discussions digital securities, security tokens, and tokenized securities and they are used interchangeably often enough that the distinctions have become genuinely confused, even among practitioners. • ...
Executive TL;DR • This comparison does not have a winner. Tokenized stocks and traditional brokerage serve different needs, have different structural properties, and suit different investor profiles and strategies. The purpose of this comparison is to map the genuine...
Executive TL;DR • The tokenised stock market capitalisation hit $2.3 billion by mid-July 2026, having crossed the $1 billion threshold for the first time in March effectively doubling in under five months. RWA perpetuals volume in Q1 2026 alone reached $524.8...
Executive TL;DR • Custody is the first question institutional investors ask about tokenized securities and the last one that gets a satisfying answer. The choice between qualified custodian, self-custody, and MPC-based arrangements determines regulatory standing,...
Executive TL;DR The distinction between a security token and a utility token is not primarily technical it is legal. A security token confers investment rights (ownership, profit entitlement, or debt claims) that bring it within the scope of securities regulation. A...
