Bullish has announced a $4.2 billion acquisition of Equiniti, a major transfer agent, in a strategic move to expand its tokenization infrastructure. The acquisition, which has led to an 11% surge in Bullish's shares, provides the company with direct access to Equiniti's extensive network of shareholder records, servicing nearly 3,000 public companies, including over 30% of the S&P 500. This acquisition is seen as a pivotal step for Bullish, transitioning from a crypto exchange to a tokenization infrastructure company. By integrating Equiniti's capabilities, Bullish aims to facilitate the tokenization of traditional assets, allowing for continuous trading and instant settlement. Analysts highlight this move as crucial for Bullish's strategy, providing the necessary issuer access and transfer-agent authority to bring tokenized equities into mainstream finance.