Regulation· ★★★· neutral·

Bullish, Alpaca and Apex form coalition to push issuer-backed tokenized stocks

  • —The coalition is convened by Bullish and Equiniti, which Bullish is acquiring
  • —Focus is on preserving voting, dividend and corporate-action rights for token holders
  • —The group will work on technical standards, settlement, custody and cross-infrastructure transfers
  • —The effort follows the SEC's innovation exemption for onchain stock trading
Why it matters: Issuer-sponsored standards could separate genuine onchain shares from synthetic products and shape how tokenized equities are regulated.
Source: CoinDesk