Wall Street · Tokenization · Bitcoin.com News
Bullish Takes Aim at Wall Street’s Tokenized Stock Ownership Gap
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Bullish, Equiniti, Alpaca, Apex Fintech Solutions and Drivewealth have formed the Issuer Sponsored Token Coalition to tackle an awkward problem, plenty of tokenized stocks aren’t stocks.
Key facts
- Reporting through mid-2026 put the broker at roughly 94% of tokenized U.S. stocks and ETFs, backed by more than $1.5 billion in underlying shares held in custody
- Five months after attackers tricked a Layerzero-powered bridge into releasing 116,500 rsETH worth about $292 million without a matching burn,…
- Bullish, Equiniti, Alpaca, Apex Fintech Solutions and Drivewealth formed the Issuer Sponsored Token Coalition on Sept. 24 to change
- Traditional tokenized-stock models often start with a broker holding real shares in custody and minting tokens against them 1:1
Summary
Bullish and four financial firms formed the Issuer Sponsored Token Coalition on Sept. 24 to bring real shareholder rights onchain. Equiniti serves nearly 3,000 issuers and 20 million shareholders, giving the coalition a direct link to official ownership records. Coalition members head to the NYSE on Oct. 27 to discuss how public companies can bring actual shares onto blockchains. Investors can already buy tokens carrying the names and price movements of U.S. stocks.