This milestone highlights tokenization's role as an enhanced option to public markets, enabling issuers to bring equities onchain, seamless servicing, and full alignment with existing regulatory frameworks. Issuers can now include Issuer-Sponsored Tokens (ISTs) as part of their issued capital alongside existing shares, including those held in the Direct Registration System (DRS). The change gives participating issuers greater flexibility in how shares are issued, while allowing shareholders to choose how they prefer to hold their securities.
ISTs do not rely on derivative tokens that sit on top of underlying shares, nor do they alter any underlying equity. Our work with Computershare connects the technology needed to support tokenization of assets to their deep issuer services expertise, providing U.S. issuers with the ability to create direct equity ownership in token form.
