Delaware Signs Blockchain Bill into Law

According to a recent CoinDesk article, Delaware has officially signed a bill into law that legalizes and recognizes blockchain transactions for stock trading and record-keeping for companies registered in the state.

The bill saw a swift passage by lawmakers after it passed a key vote in the state legislature, a milestone advocates sought to label as "historic" given the state's history and the increase in blockchain usage that could result from legal certainty, CoinDesk explains.

Industry analysts suggest that by giving the greenlight to experimentation, the law could make it possible for custodianship, issuance, redemption, and trading to take place on a distributed ledger.

SFIG continues to partner with the Chamber of Digital Commerce, focusing on advancing the use of blockchain technology in securitization markets. Last year, SFIG launched a Blockchain Task Force, which is working to identify and enable opportunities within structured finance where blockchain may enhance capital markets transparency, investor confidence, and sustainable liquidity driven by education, advocacy, ecosystem development, and applications and use cases. Please contact Alyssa.Acevedo@sfindustry.org if you would like to join.

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