Bullish Gains GFSC Approval to Trade Tokenized Securities Ahead of Equiniti Deal
BLSH•Bullish secured GFSC approval to launch secondary trading in tokenized securities in coming weeks for eligible non-US clients. This regulatory green light complements its planned Equiniti acquisition and advances its end-to-end tokenization platform spanning issuance, registry and regulated trading.
1. Regulatory Approval
The Gibraltar Financial Services Commission granted Bullish authorization to offer secondary trading in tokenized securities, making it one of the first regulated venues to support this asset class. The approval covers eligible non-US clients and is a key milestone in Bullish’s global tokenization efforts.
2. Trading Launch Timeline
Trading is slated to begin in the coming weeks, subject to pre-go-live conditions including system readiness checks and final compliance reviews. Bullish has outlined an institutional-grade rollout to ensure stability and regulatory adherence.
3. Equiniti Acquisition Integration
Bullish plans to complete its acquisition of Equiniti, a transfer agent serving nearly 3,000 issuers and over 20 million shareholders. Once integrated, the combined platform will link Equiniti’s registry services with Bullish’s blockchain and trading infrastructure for a full lifecycle solution.
4. Strategic Impact
This approval enhances Bullish’s vision of an end-to-end tokenization ecosystem, spanning issuance, registry and trading. The regulated secondary-trading venue could unlock new revenue streams and strengthen Bullish’s position as a tokenization leader.
