NYSE-listed crypto exchange operator Bullish has agreed to a $4.2 billion deal to acquire transfer agent Equiniti. The merger aims to combine blockchain infrastructure with traditional equity market services. Bullish shares rose following the announcement.
Bullish, a crypto exchange operator listed on the New York Stock Exchange, announced a $4.2 billion agreement to acquire Equiniti, a transfer agent serving traditional equity markets. The deal will merge Bullish's blockchain infrastructure with Equiniti's services, enabling tokenized stock trading, as first reported by Decrypt on May 5, 2026. Bullish shares popped in response to the news, reflecting investor optimism about the expansion into tokenized assets. Reports confirmed the acquisition's focus on bridging crypto and traditional finance through tokenization.
