Bullish to buy transfer agent Equiniti for $4.2B in tokenization push
Bullish has agreed to acquire transfer agent Equiniti from Siris Capital in a $4.2 billion transaction, expanding its capabilities in tokenized securities. The acquisition is expected to close in January 2027, pending regulatory approval.
Bullish, a crypto exchange, is acquiring Equiniti, a transfer agent, from Siris Capital for $4.2 billion. The deal includes assuming $1.85 billion in Equiniti's debt and is expected to close in January 2027. Equiniti services nearly 3,000 companies, including Berkshire Hathaway and Rolls-Royce. The acquisition will enable Bullish to offer 24/7 trading of tokenized securities and stablecoin-based payment tools. Wall Street participants are accelerating tokenization initiatives, with the NYSE and Nasdaq exploring blockchain-based trading infrastructure. The US SEC has given the greenlight to Nasdaq's pilot proposal for tokenized trading.
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