Bullish has agreed to acquire transfer agent Equiniti in a deal valued at about $4.2 billion including debt. The transaction is expected to close next January, pending regulatory approval. Equiniti serves nearly 3,000 public companies, including Berkshire Hathaway and Moody’s. The acquisition is intended to support Bullish’s tokenization push by giving it access to shareholder administration and recordkeeping infrastructure relevant to tokenized securities markets.