Bullish to Acquire Equiniti for $4.2 Billion, Aiming for Tokenized Securities
- Bullish plans a $4.2 billion acquisition of Equiniti, combining stock and debt.
- The acquisition connects Bullish’s digital assets with Equiniti’s shareholder records.
- Equiniti brings nearly 3,000 issuer clients and over 20 million shareholders.
- Expected combined revenue is $1.3 billion with over $500 million in EBITDA less Capex for the year.
- The deal includes $1.85 billion of assumed debt and $2.35 billion in stock consideration.
Bullish’s acquisition of Equiniti aims to modernize securities issuance through blockchain tools, enhancing liquidity and settlement speed for tokenized securities globally.
This strategic move positions Bullish to leverage tokenization as a transformative trend in capital markets, potentially driving significant growth post-2027 with services expected to grow by 20%. (Source)
