Bullish has named Solana, Aptos and Ethereum as the initial networks for its equity tokenization service. The company has already demonstrated a transfer on Solana and plans to add the other two networks, it said on November 3.
At an October 27 event at the New York Stock Exchange, Bullish and transfer agent Equiniti demonstrated the transfer of 61 million tokenized Bullish shares. The shares were reserved for the proposed Equiniti acquisition. Moving them was neither a sale to investors nor the closing of the acquisition.
The model gives issuers a choice of blockchain without handing the network control over the shareholder register. The transfer agent remains responsible for the official record of who owns the shares.