Vertalo orchestration for the Innovation Exemption · Release 34-106402
Listed companies
When a firm unaffiliated with your company tokenizes your stock, a venue that wants to trade the token must first send written notice to your principal executive offices. It then waits 30 calendar days from the day you receive it. Object in writing inside that window and the venue cannot make the token available for trading. Vertalo runs that process for you, alongside the transfer agent you already have.
A company listed on a U.S. exchange, whatever firm keeps its register.
Corporate mail was not built to start a legal clock. The order names nobody to receive the notice for you, run the 30 days, or keep the record of what was decided.
You forward each Issuer Notice as it arrives. Vertalo's team dates it, starts the 30-day clock from the day you received it, and puts the decision in front of the people you name, with reminders until it is made. (II.D)
For each notice, one file: the venue, the third party, where the shares behind the token are held, how often supply is reconciled, and how dividends and proxies reach holders. It draws on the venue's public Notice and the third party's own disclosures, and names what they leave out. (III)
Drafted by one person and confirmed by a second, then delivered to the contact the venue's notice gives inside the 30 days, with proof of receipt kept. The venue then has five business days to amend its public Notice, and the desk checks that it did. (II.D, II.C)
Which venues admitted a token of your stock, which firm made it, and the position behind it, kept current with the data your transfer agent provides under your authorization.
At each dividend and each meeting, a record of whether the payment and the proxy materials reached token holders, for your securities team to rely on. (II.E)
Your current transfer agent keeps your register. Whether to object is your decision, made with your counsel.
From go-live, Vertalo's team runs the orchestration for you on your records, with the console you can walk today on sample data at innovation.vertalo.com. Fees start when your service goes live.
Billing starts on go-live, the day Vertalo confirms your desk is running.
innovation.vertalo.com is a working model of the whole arrangement on sample data: a listed company's stock, tokenized by a firm unaffiliated with the company and traded on a Tokenized Securities Venue. Six seats read one record: the transfer agent, the issuer, the tokenizer, the venue, the token holder and the examiner. Every provision the model runs is quoted word for word at innovation.vertalo.com/order.
Name who decides on a notice, who confirms an objection, and your counsel's contact.
Whoever opens mail and email at your principal executive offices forwards any Issuer Notice to your desk on the day it arrives.
You sign a letter authorizing your transfer agent to give Vertalo the position data the service reads. Vertalo supplies the letter.
Vertalo opens your desk with your listing facts and any tokens of your stock already known.
Vertalo confirms the desk is running. Billing starts.
Every notice, clock and token of your stock known to the desk, in one report.
No. Vertalo works alongside the agent you have, with position data your agent provides under your authorization.
The same flat monthly fee. It does not change with the number of tokens of your stock, because the desk has to be ready before the first notice arrives.
Vertalo drafts, records and delivers the objection your people confirm. The decision is yours, made with your counsel.
An objection stops the venue from making that token available for trading on the venue. It does not reach the firm's wrapping of your stock. (II.D)
The order allows tokenization by or on behalf of the issuer, and Vertalo can set out the options with your transfer agent. Tokens are optional; your register stays the record.