ETHERLive
ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.

---

24hr ---
--%
Tuesday Feb 19th 2019
RESOURCES

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More
SUBMIT

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story

Explanation

Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
---
--%
Home
News
Etherlive
Ether Price Analysis
Resources
Contact Us

Wyoming Lawmakers Introduce Bill For Tokenized Stock Certificates

By

Nathan

Graham

WriterETHNews.com

If passed, the bill would allow tokenized certificates to serve as immutable legal proof of stock ownership.

On Wednesday, government officials in Wyoming filed a bill that would allow companies to issue tokenized stock certificates on a blockchain platform.

Representative Jared Olsen, along with five other representatives and two senators, filed House Bill 0185, dubbed "Corporate stock-certificate tokens." If passed, it would amend an existing law to allow the use of tokenized digital share certificates, which are typically issued in paper form.

A stock certificate, also called a share certificate, is usually a written document signed by the corporation issuing the stock. It provides legal proof that the shareholder does indeed own the number of shares specified on the certificate.

The proposed bill would allow companies to digitize stock certificates and store them on a "blockchain or other secure, auditable database." According to the bill, once that data is uploaded to an "auditable database," all participants – including the issuing corporation, the person who owns the certificate, and "any transferee" – will have access to the data. The certificates will be authorized and signed "with network signatures" by two officers designated by the board of directors or as otherwise specified in the bylaws. If passed, the law will take effect on July 1, 2019.

Wyoming's government has proactively developed legislation for digital assets in the past year. In March 2018, the Wyoming legislature passed five bills concerning blockchain and cryptocurrency technology. Last October, Wyoming state officials formed a task force to draft legislation to allow for the development of a bank-like financial institution that supports blockchain companies in the state.

Nathan Graham

Nathan Graham is a full-time staff writer for ETHNews. He lives in Sparks, Nevada, with his wife, Beth, and dog, Kyia. Nathan has a passion for new technology, grant writing, and short stories. He spends his time rafting the American River, playing video games, and writing.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Wyoming, Jared Olson or other Ethereum law and legislation news.