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Bullish and Four Other Institutions Form Issuer-Led Tokenized Securities Alliance

On September 24, CoinDesk reported that Bullish (NYSE:BLSH), along with shareholder services and market infrastructure company Equiniti, has formed the 'Issuer-Led Tokenized Securities Alliance' in collaboration with Alpaca, Apex Fintech Solutions, and DriveWealth. The alliance advocates for tokenized stocks to be directly linked to the issuer's official shareholder register, preserving voting rights, dividends, and corporate action rights, thereby avoiding synthetic products that only provide price exposure without legal rights. Key focus areas include shareholder rights protection, interoperability between traditional and on-chain infrastructure, issuance, transfer, settlement custody, and secondary market trading arrangements. This move follows the U.S. SEC's innovation exemption on September 17, which allows limited on-chain trading of U.S. listed stocks.

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