Bullish's $4.2B Equiniti deal marks a major step in merging traditional finance with blockchain, says Ripple CEO.

Bullish's $4.2 billion acquisition of Equiniti is hailed by Ripple CEO Brad Garlinghouse as the biggest crypto deal ever, signaling a major shift in integrating traditional finance with blockchain technology. Equiniti's vast infrastructure, supporting millions of shareholders and large payment volumes, will enable Bullish to offer tokenized securities and real-world assets at an institutional scale. This move aligns with Ripple's broader strategy to build a comprehensive tokenized finance ecosystem, leveraging its XRP Ledger and stablecoin RLUSD to streamline institutional crypto trading and collateral management. The deal represents a significant step toward unifying regulated financial markets with blockchain infrastructure for efficient, large-scale operations.