Bullish has agreed to acquire Equiniti from Siris in a $4.2 billion stock-and-debt transaction.
The deal combines Bullish’s tokenization infrastructure with Equiniti’s transfer agent platform serving around 20 million shareholders.
Bullish is making a fairly serious move into the less visible parts of traditional finance. The crypto exchange has agreed to acquire Equiniti, a global transfer agent and shareholder services firm, in a $4.2 billion transaction that links tokenization infrastructure with regulated capital markets operations.
Bullish adds the shareholder record layer tokenization needs
The deal includes $1.85 billion of assumed Equiniti debt and about $2.35 billion in Bullish stock, priced at $38.48 per share. Siris, the private equity firm selling Equiniti, will also receive a call option to acquire non-core Equiniti business lines. Those businesses were not included in the transaction’s financial disclosures.
The strategic logic is easy enough to see. Bullish bri
