Bullish and Others Establish Issuer Sponsored Token Coalition to Promote Tokenized Stock Rights

Bullish, Equiniti, Alpaca, Apex Fintech Solutions, and Drivewealth established the Issuer Sponsored Token Coalition on September 24 to promote the direct association of on-chain tokens with the official shareholder register of publicly listed companies. The coalition aims to enable token holders to gain rights to vote, receive dividends, participate in stock splits, and other corporate actions, while also researching technical standards, settlement, custody, and the interoperability of traditional market infrastructure with blockchain. Members plan to meet with issuers of publicly listed companies at the New York Stock Exchange on October 27.

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