Bullish and Equiniti Launch Coalition for Issuer-Backed Tokenized Stocks

Bullish and Equiniti have formed the Issuer Sponsored Token Coalition to establish standards for tokenized public securities. Early participants include Alpaca, Apex Fintech Solutions, and DriveWealth. The initiative aims to ensure tokenized stocks maintain a direct relationship between public companies and their shareholders, rather than relying on synthetic representations. The coalition seeks to address market fragmentation by creating standardized models for custody, shareholder records, and settlement.