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Registered Investment Companies Look to Blockchain and Digital Securities to “Pull-Forward” and Modernize Offerings  


Author:  Kenny S. Terrero.; Matthew J. Kutner.; Bernie Zamichow.


Source: Volume 56, Number 22, December 15 2023 , pp.313-317(5)




Review of Securities & Commodities Regulation

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Abstract: 

Registered investment companies are increasingly experimenting with blockchain to digitize their offerings in hopes of modernizing their shares and becoming a more attractive choice for investors in a crowded field. The process for offering, purchasing, and transacting in digital shares has the potential to evolve the distribution of securities offered by registered investment companies. A review of recent SEC filings helps us understand the application of blockchain technology to what have historically been routine securities offerings by registered investment companies.

Keywords: Purchasing and Transacting in Digital Shares; Issuing Blockchain-Based Digital Securities By Funds

Affiliations:  1: Sidley Austin LLP; 2: Sidley Austin; 3: Sidley Austin.

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