Bullish acquires Equiniti for $4.25 billion to build tokenized securities infrastructure

Crypto World News reports that Bullish (BLSH) has agreed to acquire transfer agent and shareholder services company Equiniti for $4.25 billion.
This move incorporates a core part of traditional market infrastructure into its digital asset platform, promoting the development of tokenized securities.
The deal provides Bullish with a regulated transfer agent, a function required by publicly traded companies, combined with its existing tokenization, trading, and market infrastructure capabilities.
Equiniti maintains records for over 2,500 companies and 20 million shareholders, processing approximately $500 billion in payments annually, effectively serving as a record-keeping system for equity ownership.
The two companies plan to offer an end-to-end platform covering token design, issuance, compliance, registration, and secondary trading, addressing the key gap Bullish sees in blockchain capital markets—namely, the lack of a transfer agent built for tokenized assets.
Bullish CEO Tom Farley stated, “Tokenization is a generational shift in how capital markets operate and is the infrastructure trend for the next 25 years.”
The transaction is expected to close in early 2027, pending regulatory approval.