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Tokenized Asset Manager Superstate Registers Transfer Agent with SEC
Superstate Services will first support the firm's two funds with plans to expand services to other issuers as the market for tokenized securities grows.
Updated Mar 7, 2025, 1:39 p.m. Published Mar 6, 2025, 4:56 p.m.
What to know:
- Blockchain-based asset management firm Superstate has registered its digital transfer agent, Superstate Services LLC, with the U.S. Securities and Exchange Commission (SEC) to bridge tokenized assets with existing financial regulations.
- Superstate Services will use blockchain-integrated record-keeping to track ownership in real time and a smart contract-driven allowlist to ensure only approved investors can acquire tokenized shares.
- The registration follows SEC Commissioner Hester Peirce highlighting the importance of transfer agents in the future of tokenized securities in a recent statement.
Blockchain-based asset management firm Superstate said on Thursday it has registered its digital transfer agent, Superstate Services LLC, with the U.S. Securities and Exchange Commission (SEC), a move aimed at bridging tokenized assets with existing financial regulations.
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Transfer agents help issuers manage shareholder records, process transactions, and distribute dividends. As securities increasingly move on-chain, digital transfer agents play a critical role in maintaining compliance and governance. Superstate Services will use blockchain-integrated record-keeping to track ownership in real time. A smart contract-driven allowlist will ensure that only approved investors can acquire tokenized shares.
"Through this innovative approach, Superstate advances tokenized security compliance while integrating into the existing regulatory regime," the company said in a statement.
Superstate's registration comes after SEC Commissioner Hester Peirce, who leads the agency's crypto task force, highlighted last month in a statement the importance of transfer agents in the future of tokenized securities.
Read more: SEC Commissioner Hester Peirce Lays Out 10 Priorities for New Crypto Task Force
Superstate, led by CEO Robert Leshner, is one of the key players in the tokenized asset space offering two tokenized security funds, USTB and USCC with over $420 million of assets under management combined.
Initially, Superstate Services will support only its own funds, but the firm plans to expand services to other issuers as the market for tokenized securities grows.
Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.
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