Bullish to Acquire Equiniti for $4.2 Billion to Advance Tokenization Strategy

BlockBeats News, May 5th, according to The Wall Street Journal, the cryptocurrency exchange platform Bullish will acquire share registry provider Equiniti for a price of $4.2 billion (including debt). After the acquisition, Bullish and Equiniti plan to provide comprehensive tokenization services to corporate issuers, including enabling 24/7 trading of securities on platforms like Bullish, and offering payment and settlement solutions based on stablecoins.

The transaction to acquire Equiniti is expected to be completed in January next year, pending regulatory approval. Equiniti serves nearly 3000 listed companies, including Berkshire Hathaway and Moody's.