Remarkable—does the SEC actively pave the way for blockchain? The 50-year-old transfer agent rules face their first major overhaul. The U.S. Securities and Exchange Commission (SEC) @SECGov has released a 421-page rule proposal to comprehensively rewrite the transfer agent framework for the first time since the late 1970s. SEC Chair Paul Atkins stated that the new rules will align with the realities of today’s electronic securities market, including the use of blockchain in securities issuance and share transfers. Transfer agents serve as the foundational recordkeepers in the U.S. securities market, responsible for maintaining shareholder registers, verifying ownership, processing transfers, and distributing dividends. This time, the SEC is not only revising rules on registration, reporting, and asset custody—but is also directly seeking public input on on-chain recordkeeping, custody of tokenized securities, and distributed ledger operational models.