Bullish names Ethereum, Solana, Aptos for tokenized shares

Bullish has named Ethereum, Solana and Aptos as the initial blockchain networks for its issuer-sponsored tokenized share services, according to the company's announcement reported by Crypto Briefing.

The move follows a demonstration at the New York Stock Exchange on October 27, where Bullish CEO Tom Farley showed the transfer of 61 million tokenized Bullish shares on Solana, Crypto Briefing reported. The outlet said Bullish now plans to extend that large-scale transfer capability to Aptos and Ethereum as well.

Crypto Briefing also reported that Bullish is working toward a $4.2 billion deal to acquire transfer agent Equiniti. Owning a transfer agent would let Bullish track legal share ownership directly, according to the outlet, though it noted the deal still has to close as planned.

The outlet further reported that an Issuer Sponsored Token Coalition was formed on September 24 with multiple partners to standardize how tokenized shares connect to official shareholder registers. Ethereum and Aptos have not yet shown a comparable large-scale transfer to the Solana demonstration, Crypto Briefing said, and it remains unconfirmed how many companies have expressed interest in using the three networks for tokenized shares. The three blockchains are described as the initial networks the companies themselves sponsor, with public companies reportedly wary of being locked into just one chain.