Crypto Exchange Bullish Snaps Up UK's Equiniti for $4.2B
Bullish is acquiring financial services outsourcer Equiniti from Siris Capital in a massive deal expected to close in 2027.
Bullish, the cryptocurrency exchange, is making a bold push into traditional finance. The company has struck a deal to purchase Equiniti, a UK-based financial services outsourcing firm, from private equity firm Siris Capital for $4.2 billion.
The acquisition signals Bullish's ambitions to build out blockchain-powered capital markets infrastructure — essentially bridging crypto rails with legacy financial plumbing. Equiniti handles back-office operations for financial institutions, making it a strategic fit for that vision.
The deal isn't closing anytime soon. Completion is targeted for 2027, giving both sides plenty of runway to navigate regulatory approvals and integration planning.
At $4.2 billion, this ranks among the largest acquisitions by a crypto-native company into traditional financial services. It's a clear bet that the future of capital markets runs on blockchain.