In this article
Bullish
said on Tuesday it will buy transfer agent Equiniti in a deal valued at $4.2 billion, as the cryptocurrency exchange looks to establish infrastructure to bridge blockchain technology with traditional capital markets.
Shares of the Peter Thiel-backed exchange fell about 6% in premarket trading.
The acquisition gives the institutional crypto platform, led by former NYSE President Thomas Farley, access to a regulated transfer agent — a firm that tracks registered shareholders for companies that issue stocks — to underpin its operations.
