Bullish has reached an agreement to acquire Equiniti in a deal valued at 4.2 billion dollars. The transaction includes approximately 1.85 billion dollars in assumed debt, with the remaining 2.35 billion dollars to be paid in Bullish shares. The deal is expected to close in January 2027, pending regulatory approvals.
Expanding Into Tokenized Financial Infrastructure
Bullish said the acquisition will combine its blockchain driven services, including token creation, issuance, compliance, distribution through regulated markets, and liquidity provision, with Equiniti’s expertise in shareholder record management, data, media, and research.
Equiniti serves as a regulated transfer agent, a role required for publicly listed companies in most major markets, acting as the official record keeper for many firms. By joining forces, the two companies aim to support the entire lifecycle of tokenized assets while remaining compatible with traditional financial infrastructure.
In its announcement, Bullish emphasized that the deal is designed to address the shortage of transfer agents equipped to handle blockchain based securities, as global capital markets increasingly move toward tokenization.
Following the acquisition, issuers are expected to benefit from faster access to shareholder data, more automated corporate processes, and broader investor reach. Investors, on the other hand, could gain advantages such as continuous trading, faster settlement times, and simpler asset transfers.
Bullish also plans to expand its trading infrastructure for tokenized equities outside the United States, targeting international investors. The combined entity will operate within existing regulatory frameworks and is expected to integrate with major financial systems such as Depository Trust & Clearing Corporation, Euroclear, and Clearstream, alongside custodians and broker dealers.
Operations and Financial Outlook After the Deal
Equiniti will continue operating under Bullish ownership, with its management team overseeing daily operations, regulatory obligations, and client relationships. Siris Capital Group, which acquired Equiniti in 2021, will receive two seats on the board and retain the option to purchase certain non core business units.
The acquisition comes less than a year after Bullish went public, with its shares now trading on the New York Stock Exchange under the ticker BLSH.
On a combined basis, the companies expect to generate around 1.3 billion dollars in adjusted revenue and more than 500 million dollars in adjusted EBITDA excluding capital expenditures. They also project annual revenue growth of 6 to 8 percent between 2027 and 2029, supported in part by expanding tokenization services.#crypto#cryptonews https://coinsignals.net https://t.me/coinsignalpublic
