Bullish to acquire Equiniti in $4.2 billion deal combining transfer agent and tokenization stack
Bullish is acquiring Equiniti for $4.2 billion to combine its tokenization infrastructure with Equiniti's transfer agent services.Summary
Bullish has agreed to acquire Equiniti, a global transfer agent, for $4.2 billion. This deal will merge Bullish's tokenization infrastructure and compliance services with Equiniti's regulated shareholder services, which process $500 billion in annual payments and serve 20 million shareholders. The combined platform aims to integrate with existing capital markets infrastructure, offering issuers real-time cap table visibility, automated corporate actions, and broader investor access with 24/7 transactions and instant settlement. Bullish will also provide secondary trading for eligible tokenized equities outside the U.S. The combined company projects significant revenue and EBITDA growth, with Equiniti continuing to operate under Bullish alongside Bullish Exchange and CoinDesk. The acquisition is expected to close in January 2027, subject to regulatory approvals.
(Source：The Block)