Bullish, Alpaca, Apex Fintech and DriveWealth form coalition to push issuer-backed tokenized stocks
Summary
Bullish, Equiniti, Alpaca, Apex Fintech Solutions and DriveWealth formed the Issuer Sponsored Token Coalition to develop standards for tokenized securities linked to companies’ official shareholder registers. The group plans to address technical standards, settlement, custody and interoperability with traditional market systems and blockchain networks. Issuer-linked tokens are intended to preserve shareholder rights, including voting and dividends, unlike products that may provide only economic exposure. The initiative follows a recent SEC exemption permitting limited onchain trading of U.S.-listed equities under specified conditions.
