Bullish (BLSH) News & EventsBLSHBullish

Bullish Reports Q2 Adjusted Revenue of $92.6M

Reports Q2 adjusted revenue $92.6M, consensus $87.4M. CEO Tom Farley said, "The nearly $300T global securities market is moving onto public blockchains. Bullish is excited to work with issuers to make this happen in a way that accrues to their benefit. Upon close of the proposed Equiniti transaction, Bullish will assemble the complete offering for the issuance, listing, trading and tracking of issuer-sponsored tokens." CFO Dave Bonanno said, "Our diversified model delivered again this quarter: record subscription, services and other revenue of $62.7M drove adjusted revenue up 62% year over year, more than offsetting a softer trading market. That is our cross-sell engine at work, clients arrive through CoinDesk and Consensus and expand across data, indices, liquidity, and the exchange."

Bullish Executes First Tokenized Share Trades on Gibraltar Exchange

Bullish announced that several market participants executed trades of its tokenized shares on Bullish Exchange, settled against a USD stablecoin. The trades mark the first time tokenized equity has traded on a Gibraltar Financial Services Commission-regulated digital asset exchange. These tokens are issuer-sponsored and recorded at the registry level. The listing is further enabled at the share registry level facilitated through Bullish's pending acquisition of Equiniti, the global transfer agent and registry firm that serves as the system of record for nearly 3,000 issuer clients and supports more than 20 million shareholders worldwide. Wintermute, one of the world's largest algorithmic trading firms, will be among those providing liquidity at launch. In May, Bullish became the first NYSE-listed company to fully tokenize its own equity cap table, bringing BLSH ordinary shares on-chain on Solana, the first step in a tokenized securities program built alongside Bullish's $4.2B agreement to acquire Equiniti. The acquisition, expected to close in January 2027, is designed to give Bullish end-to-end infrastructure across the full tokenization lifecycle.