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Crypto

Injective applies to register as transfer agent with SEC to put securities ownership records on chain

Injective has applied to the U.S. Securities and Exchange Commission to register as a transfer agent, Cointelegraph reported on July 16. The move aims to create a regulatory path for placing securities ownership records on a blockchain. Transfer agents manage shareholder registers and track changes in securities ownership. Injective said putting this function on chain could support issuance and management of tokenised securities and assets, and reduce delays and reconciliation between intermediaries.

Crypto

DTCC begins live securities tokenisation trading with 40 firms including JPMorgan

U.S. securities settlement group DTCC has started operating a securities tokenisation service in live markets, covering assets including Microsoft shares and U.S. Treasuries. DTCC plans a July pilot limited to about 1,000 instruments before expanding to full availability around October. The service, developed by its depository DTC, lets participants use tokenised assets for collateral transfers, repo transactions and stock trades, with settlement on either Hyperledger Besu or the Canton Network.

Crypto

Ark Invest buys another 220,000 shares of Circle, bets more despite slowing USDC activity

Ark Invest, led by Cathie Wood, bought an additional 220,000 shares of Circle Internet Group through three actively managed exchange-traded funds, Cointelegraph reported. The purchase was worth about $13.9 million based on Circle’s NYSE closing price of $63.22. Ark’s total July purchases rose to 725,517 shares. Circle shares are down about 22 percent this year and about 76 percent from post-IPO highs. 10x Research cited slowing USDC activity as a risk.