Crypto-native companies ramping efforts to influence regulatory guidance on digital asset transactions. On Monday, the Transfer Agent Fairmint suggested a plot in the United States Securities and Exchange Commission’s (SEC’s) Crypto Task Force to target what it described as the stale and fragment back-end infrastructure in private security management.
Submitted to SEC Chairman Paul Atkins and Commissioner Hester Peirce, Fairmint’s seven -part proposal targets Standardizing infrastructure for interoperability throughout the transfer agents, which introduces real-time regulation observation by blockchain and enabling investor self-custody with compliance care.
It also calls for a transfer to knowledge -based accreditation standards, moving from traditional revenue and net worth of thresholds, and for a regulated decentralized sandbox (DEFI) sandbox.
https://www.youtube.com/watch?v=owvy6LP9W2A
Private equity refers to investment in privately held companies, rather than being publicly exchanged. According to the Company S&P Global, the size of the global private market market reached $ 5.3 trillion in 2023 and is expected to grow to $ 6 trillion by the end of 2024.
According to Fairmint, the private equity industry is highly dependent on expensive spreadsheet software with no regimen capabilities, while public markets have many options available. Among the company’s clients are the wallet infrastructure provider Privy and the social media platform based in the Bloom Network area.
“Private companies manage billion-dollar cap tables in Excel while public companies regulate infrastructure,” said Fairmint CEO Joris Delanoue. “It creates unnecessary strife, adherence to gaps and limits the development of American capital.”
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Tokenization gets traction
The SEC Crypto Task Force explores paths to regulation at the intersection of traditional and digital possessions. The agency has held two major regulations rounds over the past few weeks, receiving industry inputs in tokenization and decentralized finance.
Financial companies are also exploring the tokenization of listed public companies. For example, Retail Trading Platform Robinhood, is planning a blockchain network To enable trading of listed stocks listed in the US For Europeans. Robinhood CEO Vladimir Tenev recently said tokenization, including private equity, The next focus of the company.
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