Tokenized Stock Coalition Forms to Link Onchain Assets to Shareholder Records

VERA Brief

AI-generated. Grounded in the article and its cited sources.

A coalition formed by Bullish, Alpaca, and Apex Fintech aims to link onchain shares with official shareholder records. This initiative is supported by a U.S. SEC innovation exemption that allows for the trading of tokenized stocks.

Key facts

• A new coalition has been established by Bullish, Alpaca, and Apex Fintech.
• The coalition's objective is to promote issuer-backed tokenized stocks.
• The initiative seeks to connect onchain shares with official shareholder records.
• This effort follows a U.S. SEC innovation exemption that permits the trading of tokenized stocks.
• The coalition's work focuses on creating a verifiable bridge between digital assets and traditional ownership structures.