World’s Largest Stock Transfer Agent Is Moving Into Tokenization Through Partnership With Securitize
Australia’s Computershare, the financial services firm known as the transfer agent for a majority of S&P 500 companies that also facilitates direct stock purchase programs for millions of people in the United States, is moving into tokenization through a new partnership with digital asset specialist Securitize.
The tie-up will allow U.S.-listed clients of Computershare to issue blockchain-based versions of their shares as Issuer-Sponsored Tokens, or ISTs, which allow holders to have the same rights as owners of traditional shares. These tokens differ from those offered by Kraken's xStocks or Robinhood, which provide indirect price exposure to stocks without voting rights or legal claims to the underlying shares.
“When we talk about the future of issuer services, it is important to start with what is not changing. An accurate, trusted record of ownership remains fundamental to the functioning of capital markets. That has always been our role, and it will continue to be,” says Ann........
