Bullish to Buy Transfer Agent Equiniti for $4.2B, Deepening Push Into Tokenized Capital Markets

Bullish (parent of CoinDesk, ticker $BLSH) said it will acquire transfer agent Equiniti for $4.2B, a move that places the crypto exchange squarely inside U.S. capital-markets plumbing as tokenization efforts accelerate. Equiniti manages shareholder records, equity transactions, and corporate actions for thousands of public companies. Bullish said the acquisition will expand its role beyond a crypto venue toward a broader capital-markets infrastructure provider, giving it the operational rails to support equity tokenization at scale. Shares of $BLSH jumped 12% following the announcement. The deal lands as traditional and crypto-native firms move quickly to connect onchain and legacy markets, including @galaxyhq's partnership with @StateStreet on tokenized cash funds and @CoinbaseInst's push for onchain market rules.