Equiniti Acquired by Bullish | Financial Services M&A Deal

Bullish has completed the acquisition of Equiniti, a financial services other business in the UK, for $4.2 billion. Bullish acquires Equiniti to combine transfer agent and securities registrar services with blockchain-based securities tokenization infrastructure. Equiniti supports about 3,000 issuers and more than 20 million shareholders, processing roughly $500 billion in annual payments through custody records and holder administration. The platform acquisition is a strategic acquisition by Bullish, with deal value including about $1.85 billion of debt and roughly $2.35 billion in Bullish shares. Bullish acquisitions are expected to close in January 2027, subject to regulatory approvals and customary closing conditions.