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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

Plume wins Bermuda regulator licence to run institutional digital asset investment products

Plume Network’s unit Kimber Digital Asset Bermuda has obtained a Class M digital asset business licence from the Bermuda Monetary Authority, it said. The Class M licence is granted with conditions tailored to a specific model, scale and risk for a limited period and scope. The approval allows the unit to design investment policies, manage assets, and issue and distribute equity tokens under BMA supervision.

Crypto

U.S. crypto exchanges post weak results as losses widen

U.S. crypto exchange Bullish reported first-quarter results below market expectations, sending its shares lower, Cointelegraph reported. Adjusted revenue rose to $92.8 million but missed estimates, while net loss widened to $604.9 million. Bullish cited a weak crypto market in the quarter. It told investors a $4.2 billion acquisition of Equiniti would help it offer regulated transfer agent services and end-to-end tokenisation infrastructure. Rival exchanges Gemini and Coinbase also posted revenue misses and losses.