Ondo Files Comment Letter with SEC on Transfer Agent Rules, Urges Support for Public Blockchains

TechFlow reported on Nov. 4 that, according to Ondo's official blog, Ondo Finance has submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) regarding its proposed transfer agent rules, calling for improved connectivity between holders of tokenized securities and issuer transfer agents.

Ondo recommends that information requirements and legal review for routine transactions be proportionate to the nature of the transaction, avoiding the repeated collection of already verified personal information or duplicated legal work when there is no clear purpose. It also recommends that the rules support public blockchains, not require transfer agents to control the entire network, and provide a viable compliance path for smaller service providers.

Source: TechFlow