Crypto platform Bullish to buy Equiniti for $4.25 billion, building tokenized securities infrastructure
Crypto platform Bullish has announced plans to acquire Equiniti, a UK-based financial services company, for $4.25 billion in a deal aimed at building comprehensive tokenized securities infrastructure. The acquisition represents one of the largest crypto-related takeovers to date and marks Bullish's strategic expansion into traditional financial services. Equiniti provides share registration, pension administration, and corporate actions services to major corporations and institutional clients across multiple jurisdictions.
The deal positions Bullish to bridge the gap between traditional securities and blockchain-based tokenized assets. Equiniti's existing infrastructure serves thousands of companies and manages billions in assets, providing Bullish with immediate access to established client relationships and regulatory frameworks across key markets. The acquisition comes as institutional demand for tokenized securities continues to grow, with traditional financial institutions increasingly exploring blockchain-based alternatives to conventional settlement systems.
The move signals growing convergence between traditional finance and cryptocurrency platforms, as digital asset companies seek to expand beyond native crypto services. Industry observers view the acquisition as validation of the tokenized securities market, which has attracted interest from major banks and asset managers seeking more efficient settlement mechanisms. The deal could accelerate adoption of blockchain-based securities infrastructure among institutional investors who have been cautious about crypto integration.
The transaction is expected to close in the second half of 2026, subject to regulatory approvals across multiple jurisdictions where Equiniti operates.
Source: CoinDesk
