Coalition Aims to Bring Real Shareholder Rights Onchain
- The Issuer Sponsored Token Coalition was formed on Sept. 24 by Bullish, Equiniti, Alpaca, Apex Fintech Solutions, and Drivewealth.
- Equiniti serves nearly 3,000 issuers and over 20 million shareholders, linking the coalition to official ownership records.
- Coalition members will meet at the New York Stock Exchange on Oct. 27 to discuss blockchain integration for public companies.
- Traditional tokenized-stock models do not necessarily list token holders on a company’s official shareholder register.
- The SEC’s five-year Innovation Exemption requires qualifying tokens to provide the same rights as traditional shares.
The coalition aims to enable real shareholder rights on blockchain by tying tokens directly to official shareholder registers rather than just tracking stock prices. This initiative comes in response to the SEC’s recent exemption allowing certain tokenized securities venues under strict conditions.
This development highlights the need for clarity in tokenized equity offerings where owning a token should equate to actual share ownership with full legal rights attached.Source
