Fairmint Send Proposal to SEC to Modernize Private Equity with Web3 Tech

Crypto-swivel companies accelerate efforts to influence regulatory advice on digital asset transactions. On Monday, the FAIRMINT transfer agent proposed a framework for the Crypto Working Group of Securities and Exchange Commission of the United States (SEC) targeting what he described as an obsolete and fragmented back-end infrastructure in Private Securities Administration.

Subject to the President of the SEC, Paul Atkins and Commissioner Hester Peirce, the seven parts of FAIRMINT targets the standardizing infrastructure for interoperability between transfer agents, introducing regulatory observability in real time by blockchain and allowing the investor of self-assurance with the guarantees of compliance.

He also calls for a transition to accreditation standards based on knowledge, to move away from traditional income and net value thresholds, and to a regulated decentralized financial tank (DEFI).

https://www.youtube.com/watch?v=WVYLP9W2A

Private Equity refers to investment in private companies, rather than those listed on the stock market. According to the Global S&P Financial Service Company, the size of the World Investment Capital Market reached $ 5.3 billions in 2023 and is expected to reach 6 dollars by the end of 2024.

According to FAIRMINT, the investment capital industry strongly depends on costly spreadsheet software that has no settlement capacities, while public procurement has more options available. Among the customers of the company are the private portfolio infrastructure provider and the social media platform based on Bloom Network.

“Private companies manage $ 1 billion ceiling tables in Excel while public companies have regulated infrastructure,” said FAIRMINT CEO Joris Delanoue. “This creates unnecessary friction, differences in conformity and limits the formation of American capital.”

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Tokenization is gaining ground

The Crypto dry working group explored the regulatory routes at the intersection of traditional and digital assets. The agency has organized two key round regulatory tables in recent weeks, receiving comments from industry on tokenization and decentralized finance.

Financial companies also explore the tokenization of listed companies. The Robinhood retail trading platform, for example, provides for a blockchain network to allow the trade in listed actions in the United States for Europeans. Robinhood CEO Vladimir Tenev recently declared that tokenization, including capital investment, would be the next objective of the company.

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