The base registry stores identifiers of issuers and verifiers, not credential holders.
Even the status register does not contain the tokens themselves:
> Within these status lists, each index (i.e., status entry) documents the validity of one VC. The corresponding index is captured in the VC’s metadata to allow for a decentralized status information retrieval that does not require verifiers or the VC holder to contact the issuer.
Of course, each issuer needs to maintain a list of the credentials they have issued in order to be able to ever revoke them. That's unavoidable.