Taking Stock Episode 14 - The Birth of The Depository Trust With Surprise Guest John Wooten of BlockTransfer

This week on Taking Stock, Chives and Bibic continue looking back in time, but this week it's to The Great Paperwork Crisis of 1968, which led to the rationalization and birth of The Depository Trust (AKA The DTC). We look at why it made sense for the time, but how it is severely outdated today, and the impact that has on markets. We also had a surprise special guest join us. John Wooten of BlockTransfer, the first blockchain based transfer agent. We spoke to John about the ins and outs of how a blockchain based transfer agent works as well as a current SEC proposal that will enable API access to Edgar filings. This kind of access will allow developers to create apps to not only help with searching through the Edgar system, but to help make the filings as well. - Twitter/X Link: https://twitter.com/i/spaces/1YqxoDqLprbKv - Join the Community: Join us on Discord - https://mee6.xyz/en/i/vYJSX1ghMl Join us on Lemmy - https://lemmy.whynotdrs.org/ Visit https://www.drsgme.org and https://www.whydrs.org - Links and Resources: The Birth and Rationalization of Cede https://www.whydrs.org/post/cede-ing-ownership-why-almost-all-publicly-traded-stock-belongs-to-one-company - Articles on the Paperwork Crisis of 1968 https://therepubliccapital.com/blog/the-great-paperwork-crises-of-1968 https://www.bbh.com/us/en/bbh-who-we-are/our-story/200-years-of-partnership/the-paperwork-crisis.html - BlockTransfer - Web3 Transfer Agent https://www.blocktransfer.com/ - SEC Proposal - Edgar Next https://www.sec.gov/rules/2023/09/edgar-next - DTC/Cede holds 83% of all securities - 1998 https://www.sechistorical.org/collection/papers/1990/1998_0101_DTCAR_1.pdf - Special Thanks to: Craiyon.com for help with the logo design Wooch for the intro & outro music