Asseto Partners with AlfaR to Create Digital Transfer Agency Service System

On October 8, Asseto announced its collaboration with licensed fund service provider AlfaR to establish a Digital Transfer Agency (DTA) service system. This system is based on Asseto's on-chain infrastructure, facilitating the direct recording and maintenance of fund share and securities holder registries via blockchain, thereby forming formal ownership records. The two parties will promote business and technical integration through joint operations, with Asseto responsible for tokenization technology, on-chain infrastructure, and distribution networks, while AlfaR provides comprehensive fund administrative management services including investor access, net asset value calculation, and transfer agency services. The collaboration will start with fund products, streamlining the entire process of investor access, subscription, transfer, and redemption, offering asset managers a one-stop on-chain fund operation service. The U.S. Securities and Exchange Commission (SEC) announced on September 1 its proposal to amend transfer agency rules, allowing registered transfer agents to use blockchain as the official securities holder master registry for the first time. The DTA service system from both parties will accelerate the implementation of this model.

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