š£ Securitize App for iOS: Manage your holdings & receive portfolio updates on the go
š£ Securitize App for iOS: Manage your holdings & receive portfolio updates on the go
May 4, 2023
When it comes to securities transactions, accuracy and efficiency are key. That's where transfer agents come in, providing essential services to ensure that transactions are processed correctly and that the rights of investors are protected. However, understanding the work of a transfer agent can be complex, especially when it comes to the future of your business and its shareholders.
In this article, we'll dive into the crucial role of transfer agents and provide guidance on choosing between traditional and digital providers based on your business needs.
A transfer agent is an entity that tracks and maintains the records of an organization's shareholders.
Here are a few reasons a company may need transfer agent services:
Traditional transfer agents have the advantage of experience and expertise, as they may have been in the business for a long time and established relationships with other companies in the industry. They can, however, be limited by their physical location, and their services are often slow and expensive. The process of transferring securities can take several weeks with high fees and manual paperwork associated with the service.
Digital transfer agents offer more transparency and real-time reporting, allowing companies to monitor their securities in real-time. Since they are digital, they can be accessed from anywhere in the world, making it easier for companies to manage their securities even if they are located in different countries. Digital transfer agents offer a more efficient and cost-effective alternative to the transfer process, making them an increasingly popular choice for companies looking to streamline their securities management.
Digital transfer agents are designed to be more efficient and cost-effective than traditional transfer agents, as transactions can be completed in a matter of days rather than weeks.
Successfully managing the lifecycle of your security involves a lot of moving parts. And with the multitude of advancements in technology, both companies and their shareholders expect timeliness, agility and security.
Securitize’s range of transfer agent services equip businesses with 100% digital solutions at various price points depending on what they need at the time, while also being able to account for growth and scalability in the future.
You can learn more about Securitize Transfer's features and services here.