Bullish Acquires Equiniti in $4 Billion Tokenization Bet

Digital asset platform Bullish is acquiring global transfer agent Equiniti for $4.2 billion. The deal is designed to create a transfer agent for tokenized securities and “position Bullish to lead the shift toward blockchain-native capital markets infrastructure,” the company said in a news release Tuesday (May 5). “Tokenization is a once-in-a-generation shift in how capital markets operate, the defining infrastructure trend of the next 25 years,” Bullish CEO Tom Farley said in the release.