Injective registers with SEC as first layer-1 transfer agent
Regulation & Gov ·
The Cosmos-based finance chain has become the first layer-1 blockchain registered with the U.S. Securities and Exchange Commission as a transfer agent, a regulatory status tied to overseeing records of token transfers.
The designation was announced by the project's own account, which described Injective as the first layer-1 blockchain to hold the registration, according to the post on x.com. A separate account covering the development characterized the registration as a signal of regulatory progress specifically for how tokens are transferred on the network, though the exact scope and operational mandate of the registration have not been detailed in the material available.
The move adds to a string of regulatory and institutional milestones for Injective over recent months. The chain previously became the first altcoin to have CFTC-regulated futures listed on Bitnomial, a step described as starting a clock toward potential ETF approval. On the institutional-adoption side, POSCO International and LG CNS tested tokenizing live trade receivables on Injective as part of a corporate finance pilot, while Kraken added native USDC deposits and withdrawals on the chain, removing the need for an extra crosschain hop for users moving the stablecoin.
Injective has also been pushing technical upgrades alongside these regulatory and institutional steps, including a scheduled v1.20.3 mainnet upgrade and tooling such as an MCP integration giving AI agents 22 tools to trade perpetual futures, bridge tokens, and query markets directly from chat interfaces, following an earlier launch of on-chain AI agents with verifiable identities and auditable performance tracking.
Underlying these developments is a layer-1 built specifically for financial applications rather than general-purpose computation. Injective runs on the Cosmos SDK with Tendermint-based proof-of-stake consensus, cla