Five Firms Form Coalition on Tokenized Securities

Bullish, Equiniti, Alpaca, Apex Fintech Solutions and DriveWealth formed the Issuer Sponsored Token Coalition on September 24 to develop standards and infrastructure for tokenized securities linked to companies’ official shareholder records. The group says its model is intended to preserve shareholder rights, including voting and dividends, as securities are represented and traded on blockchain networks. The initiative is at a framework-building stage. The coalition has not announced a launched token or completed pilot, and the proposed technical and legal arrangements have not been demonstrated in the supplied reporting. Its members plan to address technical standards, settlement, custody and connections between traditional securities infrastructure and blockchain networks. The coalition’s stated approach would connect a token to the issuing company’s official shareholder register. That differs from products that provide exposure to a stock’s price without necessarily making the holder a registered shareholder.