Bullish, Equiniti form Issuer Sponsored Token Coalition for tokenized securities
BLSH•Bullish and Equiniti formed a coalition to develop standards for issuer-sponsored tokenized securities, with Alpaca, Apex Fintech Solutions and DriveWealth among its initial participants. Members plan to meet issuers at the New York Stock Exchange on Oct. 27.
1. Coalition sets priorities
The coalition aims to develop standards for issuer-sponsored tokenized securities and interoperability with existing clearing, settlement, custody and trading infrastructure. Its workstream prioritizes linking tokenized shares to authoritative shareholder registers to preserve ownership rights, voting, corporate actions and investor protections.
2. Regulatory and issuer outreach
The launch follows the SEC’s Sept. 17 Innovation Exemption, which permits limited onchain trading of U.S.-listed equities for five years. Coalition members plan to meet issuers at the New York Stock Exchange on Oct. 27 to discuss tokenization infrastructure.
