Bullish Launches Tokenized Equity Trading

Bullish announced on August 12, 2026, that it has launched tokenized equity trading on the Bullish Exchange. Several market participants have executed trades of its tokenized shares (BLSH), settled against a USD stablecoin. This marks the first time tokenized equity has traded on a Gibraltar Financial Services Commission (GFSC)-regulated digital asset exchange. The launch is supported by GFSC approval for tokenized securities trading and Bullish's pending acquisition of Equiniti, a global transfer agent and registry firm. This infrastructure aims to provide a regulated venue for the entire lifecycle of tokenized securities, from issuance to trading. Institutional participants include Wintermute, Qube Research & Technologies, Annamite, Fasanara Digital, and Star Beta Technologies. Trades can execute and settle 24/7 with near-instant settlement. Bullish CEO Tom Farley stated that tokenization is the next defining shift in financial markets, and Bullish is building the infrastructure for it. The company had previously tokenized its own equity on Solana in May 2026 as part of its agreement to acquire Equiniti.