Crypto Firm Bullish Strikes $4.2 Billion Deal For Equiniti In Push Toward Tokenized Securities

The deal brings together Bullish’s digital asset platform with Equiniti’s established role serving nearly 3,000 issuer clients and managing relationships with roughly 20 million shareholders. (Credit: Bullish)

Crypto firm Bullish has agreed to acquire global transfer agent Equiniti in a $4.2 billion deal, combining traditional shareholder services with blockchain-based infrastructure.

The transaction, expected to close in January 2027 pending regulatory approvals, includes $1.85 billion in assumed debt and about $2.35 billion in stock.