Crypto Exchange Bullish Strikes $4.2 Billion Deal for Equiniti to Build Tokenized Securities Infrastructure

Bullish has agreed to acquire Equiniti in a $4.2 billion transaction to build tokenized securities infrastructure, combining traditional market infrastructure with blockchain-based systems. The deal aims to generate $1.3 billion in adjusted revenue in 2026. Bullish expects revenue growth of 6% to 8% from 2027 through 2029.