By Isaac • May 15, 2026 8:39 pm •
Bullish announced on May 5 that it has agreed to acquire Equiniti from Siris Capital in a deal valued at $4.2 billion.
Equiniti is a global transfer agent and shareholder-services provider that currently serves nearly 3,000 public companies.
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The combined company is being pitched as the global transfer agent for tokenized securities. That framing tells you where the institutional crypto thesis is headed.
Bullish paid $4.2B for Equiniti this week. Their pitch: “global transfer agent for tokenized securities.” Wall Street is paying for the rails.
We’ve been building them on @solana . pic.twitter.com/DhGfCE0p0H
— Oro (@orogoldapp) May 12, 2026
Bullish is led by Tom Farley, the former president of the New York Stock Exchange. He
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