Crypto exchange operator Bullish, along with Equiniti, Alpaca, Apex Fintech Solutions and Drivewealth, formed the Issuer Sponsored Token Coalition on Sept. 24. The group said it aims to connect on-chain tokens directly to the official shareholder registers of listed companies. Under the proposal, token holders would be able to receive rights tied to corporate ownership, including voting, dividends, stock splits and other corporate actions. The coalition also plans to study technical standards, settlement, custody and interoperability between blockchain systems and traditional market infrastructure. Its members are scheduled to meet with listed-company issuers at the New York Stock Exchange on Oct. 27.
Crypto exchange operator Bullish, together with Equiniti, Alpaca, Apex Fintech Solutions and Drivewealth, formed the Issuer Sponsored Token Coalition on Sept. 24, according to ChainCatcher.
The coalition said it wants to link on-chain tokens directly with the official shareholder registers of listed companies. Under that structure, token holders would be able to receive voting rights, dividends, stock splits and other corporate action rights.
The group also plans to study technical standards, settlement, custody and interoperability between blockchain networks and traditional market infrastructure.
Coalition members plan to meet with listed-company issuers at the New York Stock Exchange on Oct. 27.
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