Bullish, Alpaca, Apex Fintech and DriveWealth have formed a coalition focused on advancing issuer-backed tokenized stocks. The group wants onchain representations of shares to connect with official shareholder records, according to CoinDesk. The initiative follows the U.S. Securities and Exchange Commission’s innovation exemption for tokenized stock trading. Linking blockchain-based shares with recognized ownership records could provide a framework for issuing and tracking tokenized equities, although the source material does not detail the coalition’s rollout timetable, participating issuers or specific products. The development adds to efforts to align digital-asset infrastructure with established securities ownership systems. The companies’ announcement is relevant to market participants monitoring the potential expansion of tokenized financial assets and the role of regulated or market-infrastructure firms in that process.
