Bullish, Alpaca, Apex and DriveWealth Form Coalition on Issuer-Sponsored Tokenized Stocks
- —The Issuer Sponsored Token coalition will work on standards, settlement and custody for tokenized securities
- —Tokens will be linked to official shareholder registries rather than synthetic products
- —Alpaca will contribute its Instant Tokenization Network for onchain interoperability
- —The initiative follows an SEC exemption permitting limited onchain trading of US-registered shares
Why it matters: The coalition's standards will determine whether tokenized stock holders get real shareholder rights or only price exposure.
Source: CoinSpot