Bullish to buy Equiniti for $4.2B, creating a leading blockchain-enabled transfer agent for tokenized securities.

Bullish has agreed to acquire Equiniti in a $4.2 billion deal, combining Bullish's blockchain-native services with Equiniti's regulated transfer agent infrastructure. This merger aims to create the first fully integrated platform for tokenized securities, supporting nearly 3,000 issuers and 20 million shareholders globally. The combined company expects $1.3 billion in revenue for 2026 and plans to lead the transition to blockchain-based capital markets with projected growth of 6-8% annually through 2029. The deal is set to close in January 2027, pending regulatory approval.