Five institutions including Bullish have formed an alliance to directly link tokenized stocks with shareholder registries.

TechFlow reports that on September 26, according to Bitcoin.com News, Bullish, Equiniti, Alpaca, Apex Fintech Solutions, and DriveWealth have established the "Issuer-Supported Token Alliance," aiming to directly link on-chain stocks with official corporate shareholder registries, enabling token holders to obtain full shareholder rights including voting, dividends, and corporate actions.

The alliance will research technical standards, settlement, custody, and the interoperability between traditional financial infrastructure and blockchain, and plans to discuss practical share-tokenization solutions with publicly listed companies at the New York Stock Exchange on October 27. Currently, the alliance has not yet launched any new tokenized stock products.