Injective has secured U.S. Securities and Exchange Commission transfer agent registration through its affiliate, Injective Institutional Services. The development adds a regulated securities ownership and recordkeeping function to the Layer 1 network.
The registration allows the affiliate to maintain official ownership records for securities, process changes in ownership, and support administrative functions such as distributions and corporate actions. According to the project, the move follows an application disclosed in July.
In traditional and tokenized securities markets, transfer agents perform a defined role by maintaining official records that show who owns a security. Responsibilities can include recording ownership changes, processing subscriptions and redemptions, issuing and cancelling securities, and administering distributions. For tokenized assets, this function is significant because holding an onchain token does not automatically serve as the final legal record of ownership.
Injective stated that the registration gives the project a regulated route to handle ownership records attached to tokenized securities. The structure can involve identity checks and wallet allowlists, allowing approved wallets to hold or receive tokenized securities while smart contracts prevent transfers to unauthorized addresses.
The registration applies specifically to Injective Institutional Services and its transfer agent functions, meaning individual products remain subject to their own legal structures and applicable securities rules.
The network's native token, INJ, traded about 8% higher following the announcement.
