The deal is expected to be completed in January 2027.

The digital assets exchange Bullish is all set to acquire Equiniti, a global ​transfer agent, in a deal valued at $4.2 billion. The transaction includes $1.85 billion in assumed debt and about $2.35 billion to be paid in Bullish stock.

Bullish said the deal will bring together its blockchain-based services, including token design, issuance, compliance, distribution through regulated markets, and liquidity provision, along with media, data, and research capabilities.

$4.2B Equiniti Acquisition

Equiniti acts as a regulated transfer agent, which is required for listed companies in most major markets, and acts as the…