# Bullish and Equiniti Expand Issuer Sponsored Token Coalition With Three New Members > Bullish and Equiniti added QRT, Vertalo and zerohash to the Issuer Sponsored Token Coalition, which launched September 24. - Published: 2026-10-26T21:44:37+00:00 - Section: Partnerships - Author: News Desk - URL: https://newsforagent.com/news/2026-10-26/bullish-token-coalition-qr - Source: [Stock Titan](https://www.stocktitan.net/news/BLSH/issuer-sponsored-token-coalition-gains-momentum-as-qrt-vertalo-and-eiokrdb7qhen.html) ## Key takeaways - Bullish and Equiniti added QRT, Vertalo and zerohash to the Issuer Sponsored Token Coalition on October 26, 2026. - The coalition launched on September 24, 2026 with Alpaca, Apex Fintech Solutions and DriveWealth as founding members. - Coalition members will meet with Equiniti issuers and capital-markets leaders at the New York Stock Exchange on October 27. [Bullish](https://akta.pro/company-profiles/000005t/bullish) and Equiniti announced on October 26, 2026 that Qube Research & Technologies, Vertalo and zerohash joined the Issuer Sponsored Token Coalition, expanding the group working on issuer-sponsored tokenized securities. [Stock Titan](https://www.stocktitan.net/news/BLSH/issuer-sponsored-token-coalition-gains-momentum-as-qrt-vertalo-and-eiokrdb7qhen.html) published the announcement. ## What the Three New Members Bring [Qube Research & Technologies](https://akta.pro/company-profiles/000333d/qube-research-technologies) is a global quantitative and systematic investment firm active across equities, derivatives and digital assets, and the company said it will help inform how tokenized securities can function within modern trading markets. [Vertalo](https://akta.pro/company-profiles/0000yba/vertalo) is an SEC-registered transfer agent whose agentic tokenization and transfer agency technology links tokenized securities to the shareholder records carrying a holder's dividends and votes. zerohash provides regulated onchain infrastructure that enables financial institutions to embed crypto trading, stablecoin payments and tokenized assets into their own products, and powers groups including Morgan Stanley, Interactive Brokers, Public, tastytrade, OnePay and Visa. "The momentum behind tokenized equities is building, and so is the Coalition," said Thomas Cowan, Head of Tokenization at Bullish. "Our goal isn't simply to put stocks on a blockchain. It's to help build a market where issuers remain connected to their shareholders and investors retain the rights and protections they expect." "Issuer-sponsored tokens work because the company's shareholder records and the token agree, that agreement is at the heart of modern transfer agency and is what drives the most routine and required corporate actions and decisions," said Dave Hendricks, Founder and CEO of Vertalo. "Blockchains are fundamentally disrupting how value is moved globally, including equities," said Edward Woodford, CEO and Founder of zerohash. "zerohash plans to extend its onchain stack with 10 million onboarded customers to meet the Token Standards, providing meaningful distribution across our existing customer base." ## Bullish's Tokenized Securities Push Bullish received Gibraltar Financial Services Commission approval in June 2026 to operate as a regulated venue for trading issuer-sponsored tokenized securities, according to akta.pro [company records](https://akta.pro/company-data). The same records show Bullish tokenized its entire 151 million share capitalization table on the Solana blockchain in May 2026. Bullish agreed in May 2026 to acquire Equiniti in a $4.2 billion transaction, comprising $1.85 billion in assumed debt and $2.35 billion in Bullish stock consideration, expected to close in January 2027. ## How the Coalition Formed Bullish and Equiniti announced the Issuer Sponsored Token Coalition on September 24, 2026, with Alpaca, Apex Fintech Solutions and DriveWealth as initial participants, CrowdFund Insider reported. The launch followed the SEC's September 17 Innovation Exemption, which requires venues to verify that a tokenized stock gives holders the same rights as the traditional share. Bullish reported Q2 adjusted revenue of $92.6 million, up 62% year-over-year, and expects tokenized equity transaction revenue to add significantly only by 2027, after acquiring Equiniti, Insider Trading & Hedge Fund Data reported. ## Coalition Meeting at the NYSE Coalition members will meet with Equiniti issuers and capital-markets leaders at the New York Stock Exchange on October 27 to discuss how public companies can approach tokenization, the infrastructure required to support it, and how issuer-sponsored models can connect traditional markets with blockchain-based rails. The Coalition remains open and non-exclusive, and additional participants are invited to join over time. ## Companies in this story - [Bullish company profile](https://akta.pro/company-profiles/000005t/bullish) · website: http://www.bullish.com - [Vertalo company profile](https://akta.pro/company-profiles/0000yba/vertalo) · website: https://www.vertalo.com - [Qube Research & Technologies company profile](https://akta.pro/company-profiles/000333d/qube-research-technologies) · website: https://www.qube-rt.com --- News for Agent · https://newsforagent.com/llms.txt