Transfer Agent

Debt instruments can be transferable among investors.

D-ASA supports both on-chain and off-chain transfer agents.

The Transfer Agent SHALL authorize the D-ASA transfers according to the transferability policy.

The transferred D-ASA units MUST be fungible (see D-ASA Units fungibility section).

The transferred D-ASA units MUST record D-ASA unit value and paid coupons.

D-ASA units SHALL NOT be transferred if the sender has pending due coupon payments.

The D-ASA transferability policy may involve and integrate KYC/AML processes, secondary market restrictions, etc.

If the debt instrument is transferable, the D-ASA MUST implement the OPTIONAL asset_transfer methods.

The asset_transfer method MAY be restricted to an authorized Transfer Agent.