Asseto and AlfaR launch digital transfer agent framework for on-chain ownership records

Asseto said on Oct. 8 that it is working with licensed fund service provider AlfaR to build a digital transfer agent, or DTA, service framework, according to an official announcement cited by Odaily. The setup is built on Asseto’s on-chain infrastructure and is designed to let blockchain records directly maintain fund unit and securities holder registers, with those on-chain records serving as formal ownership registration. The two companies said they will run the framework jointly as part of a longer-term business and technology integration. Under the arrangement, Asseto will handle tokenization technology, on-chain infrastructure and distribution networks, while AlfaR will provide fund administration services across the full process, including investor onboarding, net asset value calculation and transfer agency functions. The partnership will start with fund products and aims to connect the full workflow covering investor access, subscription, transfer and redemption, offering asset managers a one-stop on-chain fund operations service. Odaily also noted that the move lines up with a Sept. 1 U.S. Securities and Exchange Commission proposal to revise transfer agent rules and, for the first time, allow registered transfer agents to use blockchain as the official master securityholder file.