[DigitalToday reporter Chi-gyu Hwang] Injective has applied to the U.S. Securities and Exchange Commission (SEC) to register as a transfer agent.

Cointelegraph reported on July 16 that the move is intended to create a regulatory path for putting securities ownership records on a blockchain.

A transfer agent is a core piece of U.S. securities market infrastructure that manages shareholder registers and tracks changes in securities ownership. Injective, a layer 1 blockchain focused on decentralised finance and tokenised real-world assets, said putting this function on chain could create a regulatory path for issuing and managing tokenised securities and tokenised assets.

If the registration is approved, Injective would move beyond being blockchain infrastructure for tokenised assets and enter a regulatory system that identifies the legal owner of securities. Injective said this approach could reduce delays and reconciliation procedures between intermediaries.

In a post on X, Injective said tokenised securities and real-world assets need compliant ownership records on infrastructure that settles in less than 1 second.

Intercontinental Exchange, the parent company of the New York Stock Exchange, is also working with Securitize to develop on-chain stocks and exchange-traded fund infrastructure. The Depository Trust & Clearing Corporation, a key provider of post-trade infrastructure in the U.S. securities market, is also preparing to launch a tokenised collateral appchain platform for collateral management and settlement automation.