Galaxy Research: US stocks move toward 24/7 trading as SEC updates transfer agent rules

Galaxy Research reports that the US stock market is inching toward 24/7 operations, with the SEC proposing significant updates to transfer agent rules. These changes aim to modernize financial infrastructure by explicitly permitting blockchain-based record-keeping. The SEC is also exploring whether digital wallet addresses could replace traditional name and address requirements for security holders, a move that could facilitate the circulation of tokenized stocks. While the market currently relies on fragmented overnight systems, the SEC's regulatory push, alongside initiatives like expanded consolidated tape hours and 24/5 clearing, signals a shift toward a unified, continuous market structure.