BingX, a multi-asset trading platform, has launched US stock trading through an integration with Alpaca, a brokerage infrastructure provider. Eligible users can access more than 7,000 US stocks and exchange-traded funds (ETFs). Users can fund trades with their existing crypto assets, with no fiat deposit or separate brokerage account needed. Unlike tokenised instruments that track stock prices, the offering gives access to actual US securities, including custody, clearing, and settlement. Kevin Lee, chief strategy officer at BingX, said the move gives users "more ways to engage with these markets within a unified multi-asset platform." To mark the launch, BingX is running a $200,000 Stocks Mystery Box from October 9 to 23. Eligible users receive $10 in Tesla stock after their first US stock trade. Alpaca supports over 10 million brokerage accounts and is backed by $400 million in funding.

Alpaca has received in-principle approval from the Monetary Authority of Singapore for a Capital Markets Services licence. The approval allows Alpaca's Southeast Asian headquarters, Alpaca Securities Pte. Ltd., to move forward with plans to provide brokerage and custodial services in Singapore once final conditions are met. Singapore serves as a strategic hub for Alpaca's Southeast Asian operations. The company aims to support financial institutions across the region with access to global markets through locally regulated infrastructure. Alpaca currently operates across multiple jurisdictions, including the US, UK, 30 European Economic Area countries, Japan, India, and The Bahamas. The company supports over 10 million brokerage accounts across hundreds of fintechs and institutions in more than 50 countries, backed by $400 million in funding.

Bullish coalition pushes real ownership for tokenized stocks. Bullish, Equiniti, Alpaca, Apex Fintech Solutions and DriveWealth formed a coalition to develop issuer-sponsored tokenized shares. The initiative aims to preserve shareholder rights. It also seeks stronger links between blockchain markets and traditional equities. Published on: 26 Sep 2026, 11:00 am Updated on: 26 Sep 2026, 11:00 am Bullish and Equiniti have launched the Issuer Sponsored Token Coalition alongside Alpaca, Apex Fintech Solutions and DriveWealth. The group wants tokenized public shares tied directly to companies' official shareholder registers. The coalition will work on standards, infrastructure and operating frameworks for issuer-sponsored tokenized securities. Its members also want blockchain-based securities to operate alongside existing capital markets. At the center of the initiative lies a key ownership issue. Some products marketed as tokenized equities may not give investors the same rights as traditional shares. Coalition targets shareholder rights in tokenized stocks. Under the coalition's proposed issuer-sponsored model, tokenized securities would connect directly with an issuer's authoritative shareholder register. That structure could preserve voting rights, dividends and corporate-action entitlements. As a result, investors holding qualifying tokenized securities could maintain the ownership protections associated with ordinary public shares. Blockchain technology would provide new infrastructure without separating shareholders from issuers. DriveWealth CEO Naureen Hassan said much of what markets currently describe as tokenized equity does not represent direct equity ownership. She said the coalition intends to address that gap. Hassan added that an issuer-sponsored model can retain voting rights and corporate-action entitlements while market infrastructure moves onchain. DriveWealth will help develop the model alongside the other coalition members. The coalition therefore centers its work on direct ownership rather than simply creating blockchain-linked exposure to listed shares. SEC framework shapes emerging onchain equity market. The coalition's launch follows the U.S. Securities and Exchange Commission's September 17 Innovation Exemption. The measure permits limited onchain trading involving U.S.-listed equities. Under the SEC framework, venues must verify that tokenized stocks provide holders with the same rights and privileges as their traditional equivalents. That requirement places shareholder treatment at the center of onchain equity development. The relief will remain available for five years. Meanwhile, the SEC is seeking public comments on how the framework should develop as tokenized markets expand. For the coalition, those requirements align with its issuer-sponsored approach. Members want tokenized shares connected to official company records rather than operating separately from established ownership systems. Bullish CEO Tom Farley said public companies should remain central to relationships with their shareholders. He also said market participants need to establish the right architecture as tokenization develops. Farley described tokenization as a way to turn static assets into more active and transparent digital shares. At the same time, he said existing market protections should remain part of the structure. Market infrastructure firms focus on interoperability. Alpaca will contribute infrastructure intended to connect traditional securities markets with onchain systems. The company already operates its Instant Tokenization Network for converting tokenized equities and traditional counterparts. Arush Sehgal, Alpaca's Head of Digital Assets, said tokenization creates new ways to connect issuers and investors. He also said shareholder protections must remain intact as those markets develop. Apex Fintech Solutions will contribute experience spanning issuers, broker-dealers and investors. Global Head of Digital Markets Travis McGhee said connective infrastructure will determine whether tokenized securities can scale. According to McGhee, tokenized markets need standards that preserve existing relationships and investor protections. Apex joined the coalition to help develop that infrastructure. Meanwhile, Equiniti and Bullish will work with the other participants on the wider standards and frameworks needed for issuer-sponsored securities. The coalition plans to address technical standards, operating structures and market connections as tokenized public securities develop. Its model keeps issuers linked to investors while blockchain infrastructure changes how shares can trade and settle. Final thoughts. The Issuer Sponsored Token Coalition aims to connect tokenized stocks directly with company shareholder registers while preserving voting, dividend and corporate-action rights. Its members will develop standards and infrastructure as the SEC's five-year framework opens limited onchain trading for U.S.-listed equities.