Transfer Agents Urge SEC to Favor Company-Authorized Tokens Over Third-Party Rivals

The Securities Transfer Association (STA), an industry group representing transfer agents, has lobbied the U.S. Securities and Exchange Commission over emerging tokenization rules. The group is pushing for company-authorized tokenization to receive preferential regulatory treatment in any future framework. STA warned that third-party tokens pose potential risks to overall market integrity. The lobbying effort reflects growing tension on Wall Street over how digital asset rules should be structured as tokenization expands.