Bullish and Equiniti announced the creation of the Issuer Sponsored Token Coalition to develop standards for tokenized public securities. Alpaca, Apex Fintech Solutions and DriveWealth are among the first participants. The group wants tokenized stocks to preserve the direct relationship between public companies and their shareholders rather than creating disconnected synthetic products. The coalition will establish a working group on infrastructure standards and operating rules needed for tokenized assets to coexist with traditional capital markets. It will not launch a trading platform but aims to address the current fragmentation caused by different custody structures, shareholder systems and settlement models across providers.
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