Equiniti Acquired by Bullish | Financial Services M&A Deal

Bullish has acquired Equiniti, a financial services other business in the UK, for $4.2 billion. Bullish acquisitions aim to build tokenized securities infrastructure by combining a regulated transfer agent with capital markets technology, addressing the lack of transfer-agent rails for blockchain settlement. Equiniti provides shareholder and transfer agency services that support registered issuers, enabling Bullish to secure blue-chip issuer relationships for tokenization. The platform acquisition is a strategic acquisition by Bullish, with about $1.85 billion of assumed debt and roughly $2.35 billion in Bullish stock, and it is expected to close following regulatory and customary approvals.