Bullish And Equiniti Announces The 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 formed the Issuer Sponsored Token Coalition, a collaborative group aimed at advancing issuer-sponsored tokenized securities. Initial participants include Alpaca, Apex Fintech Solutions, and DriveWealth, focusing on developing technical standards and market infrastructure for tokenized securities. This initiative follows the SEC's recent Innovation Exemption, which allows limited onchain trading of U.S.-listed equities, emphasizing the importance of maintaining shareholder rights and protections in the evolving market.