Former NYSE chief Tom Farley’s crypto platform Bullish disclosed Tuesday it will acquire UK‑based global major transfer agent Equiniti for $4.2 billion including debt. The deal, valued at roughly 3.5 % of Equiniti’s market cap, gives Bullish a foothold in the corporate services sector that traditionally serves giants such as Berkshire Hathaway and Moody’s.

Equiniti’s core offering includes shareholder record‑keeping, dividend processing and regulatory reporting. By merging those capabilities with Bullish’s blockchain infrastructure, the combined entity aims to provide end‑to‑end tokenization, enabling 24/7 trading of tokenized securities on Bullish’s exchange and settlement via stablecoins. The integration also targets automated compliance checks, cutting manual oversight.

The transaction signals a broader shift as crypto firms target legacy finance infrastructure to legitimize digital assets. With Equiniti’s client list and compliance pedigree, Bullish can market tokenized solutions to established issuers rather than startups alone. Regulatory clearance and multi‑jurisdictional scaling will test the platform’s resilience over time.