Bullish And Equiniti Announce Formation Of The Issuer Sponsored Token Coalition, A Multi-Stakeholder Industry Working Group Bringing Together Leading Firms Across Brokerage, Trading And Market Infrastructure To Advance Issuer-Sponsored Tokenized Securities

Bullish (NYSE:BLSH) and Equiniti have announced the formation of the Issuer Sponsored Token Coalition, which aims to advance issuer-sponsored tokenized securities by bringing together key players in brokerage, trading, and market infrastructure. Initial participants include Alpaca, Apex Fintech Solutions, and DriveWealth. The Coalition seeks to establish technical standards and frameworks for tokenized securities, ensuring they maintain the relationship between issuers and shareholders. This initiative follows the SEC's recent Innovation Exemption, allowing limited on-chain trading of U.S.-listed equities.