Bullish (NYSE: BLSH) has entered into a definitive agreement to acquire Equiniti, the parent company of Notified and a global transfer agent and shareholder services provider, in a transaction valued at $4.2 billion. The acquisition is designed to position Bullish at the forefront of blockchain-native capital markets infrastructure by combining its institutional digital asset platform with Equiniti’s regulated transfer agent capabilities, which support nearly 3,000 public companies and more than 20 million verified shareholders.
Bullish said the combination is intended to create a global transfer agent platform for tokenized securities, addressing what it views as a key infrastructure gap as capital markets increasingly move toward blockchain-based asset issuance and settlement. Equiniti will continue operating under the Bullish umbrella alongside Bullish Exchange and CoinDesk, with closing expected in January 2027, subject to regulatory approvals and customary closing conditions.
The acquisition marks a significant step for Bullish, an institutionally focused global digital asset platform that provides regulated market infrastructure and information services. Bullish Exchange is an institutionally focused digital assets spot and derivatives exchange, integrating a high-performance central limit order book matching engine with automated market making to provide deep and predictable liquidity. Bullish Europe is regulated under MiCAR as a crypto asset service provider offering spot trading and custody services for digital assets.
Bullish is also the parent company of CoinDesk, a leading provider of digital asset media and information services. CoinDesk’s offerings include CoinDesk Indices, a collection of tradable proprietary and single-asset benchmarks and indices; CoinDesk Data, providing real-time insights into prices, trends and market dynamics; and CoinDesk Insights, a digital asset media and events provider that covers news and insights about digital assets, markets, policy and blockchain technology.
Equiniti delivers trusted data, intelligent insight, and seamless administration across the full equity ownership lifecycle. The company helps issuers, investors, and employees navigate complexity, strengthen market engagement, and achieve better outcomes through technology-powered solutions backed by expert service. Its 5,000+ global associates support more than 12,000 organizations and over 20 million shareholders worldwide.
This transaction highlights the growing convergence between traditional finance and digital assets. By integrating Equiniti’s regulated transfer agent services with Bullish’s blockchain infrastructure, the combined entity aims to streamline the issuance and settlement of tokenized securities, potentially reducing costs and increasing efficiency for public companies and shareholders. The move could accelerate the adoption of blockchain technology in capital markets, as it provides a regulated bridge between conventional equity ownership and digital asset platforms.
For more information, visit the full press release here and learn about Equiniti at equiniti.com/us/.
