This collaboration allows U.S.-listed issuers to issue equity securities in tokenized form. The new structure is built around Issuer-Sponsored Tokens, ISTs, which can exist as part of a company’s capital alongside traditional shares.

The key point is that these are not synthetic or derivative tokens wrapped around shares. ISTs are representing direct equity ownership in token form, without changing the underlying equity or relying on a separate instrument.

For shareholders, the potential benefit is a more digital-native ownership experience. Investors could hold tokenized equity in a wallet, consolidate digital holdings, and still receive issuer communications and corporate action flows directly.