Injective affiliate secures SEC transfer agent registration for tokenized securities

Injective has secured U.S. Securities and Exchange Commission transfer agent registration through its affiliate, Injective Institutional Services, adding a regulated securities ownership and recordkeeping function to its Layer 1 network as INJ rose about 8%. Summary Injective Institutional Services has become an SEC registered transfer agent. The affiliate can maintain securities ownership records and process ownership changes. The registration follows Injective’s SEC application disclosed in July. INJ rose about 8% following the announcement. Injective said Wednesday that the registration allows its affiliate to maintain official ownership records for securities, process changes in ownership, and support administrative functions including distributions and corporate actions. “With this move, Injective becomes the first layer 1 blockchain to possess the RWA infrastructure and regulatory readiness needed to accelerate tokenization to new heights,” the project said in a post on X. 🚨 BREAKING: Injective is now an official SEC-registered transfer agent!With this move, Injective becomes the first layer 1 blockchain to possess the RWA infrastructure and regulatory readiness needed to acc...