Leading Market Infrastructure Firms Form Coalition to Advance Issuer-sponsored Tokenized Securities

Bullish and Equiniti have launched the Issuer Sponsored Token Coalition to establish technical and operational standards for tokenized public securities. Founding members include major market infrastructure firms such as Alpaca, Apex Fintech Solutions, and DriveWealth. The initiative aims to ensure that tokenized equities maintain a direct link to the issuer's authoritative shareholder register, preserving essential rights like voting and corporate-action entitlements. This development follows the U.S. Securities and Exchange Commission's September 17 Innovation Exemption, which permits limited onchain trading of U.S.-listed equities for a five-year period. By focusing on interoperability between traditional clearing systems and blockchain networks, the coalition seeks to bridge the gap between legacy capital markets and digital assets. The group intends to address regulatory, commercial, and operational requirements to foster a scalable, transparent ecosystem for tokenized shares. This collaborative effort represents a significant step toward institutionalizing onchain equity markets while maintaining the investor protections inherent in traditional finance.