Crypto exchange operator Bullish has demonstrated the transfer of 61 million tokenized shares of its own stock and named the blockchains it will use for its equity tokenization service. In an announcement dated November 3, the company said it and transfer agent Equiniti moved the tokenized, reserved Bullish shares on Solana at an event held at the New York Stock Exchange on October 27. Bullish said the transfer finished in seconds.
Bullish, listed on the NYSE under the ticker BLSH, selected Solana, Aptos and Ethereum as its initial network partners. Solana is already live, while Aptos and Ethereum are planned additions, so that issuers can choose which network hosts their tokenized shares. The company said it intends to support other networks over time. Equiniti administers the shares, and Bullish stressed that the official ownership record remains with the transfer agent.
At the same event, Bullish showed how an issuer could send a digital pass for the Consensus conference to a shareholder’s wallet as a reward.
Thomas Cowan, Head of Tokenization at Bullish, said: “We want to ensure that the issuer tokens we create for our issuers are available on key blockchains for our investors.” He added: “Solana gave us the foundation to tokenize our own shares.”
According to Bullish, the 61 million shares are also earmarked for closing its pending acquisition of Equiniti, which remains subject to regulatory approvals.
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