
Should you bet on AI or crypto? Plus, the SEC’s tokenized stock overhaul
Joris Delanoue, CEO of Fairmint, discusses the SEC's proposed overhaul of transfer-agent rules, which represents the first significant regulatory update in decades. This potential change is critical for the RWA market because it could allow blockchain networks to serve as the official record of securities ownership. By enabling a single source of truth for issuers and shareholders, this shift aims to resolve long-standing disputes regarding stock-token ownership, such as the historical AMC–Robinhood conflict. Delanoue highlights three distinct models of tokenized equities that could emerge under these new rules. This development is essential for the RWA sector as it bridges the gap between traditional financial infrastructure and decentralized ledger technology. Establishing legal recognition for on-chain records is a foundational step toward the widespread adoption of tokenized assets. Ultimately, these regulatory updates could streamline the issuer-shareholder relationship and provide the necessary legal clarity for institutional participation in tokenized securities.

