Bullish selects Solana, Aptos and Ethereum for its tokenized stock services, allowing companies to issue digital shares across multiple blockchains.

Bullish Adds Solana, Aptos and Ethereum for Tokenized Stock Services

Tokenization

Bullish selects Solana, Aptos and Ethereum for its tokenized stock services, allowing companies to issue digital shares across multiple blockchains.

Bullish has selected Solana, Aptos and Ethereum as the first blockchain networks for its equity tokenization services. The transfer will enable companies to emit digital shares on several networks. Furthermore, investors will have greater options when it comes to tokenized stocks.

The announcement is another step in the direction of traditional shares being brought onto blockchain networks. Bullish is looking to connect with investors from various blockchain ecosystems. The official ownership records will continue to be held by the transfer agent appointed.

Bullish Expands Tokenized Shares Across 3 Blockchains

Bullish revealed the first network partnerships after tokenizing on the New York Stock Exchange (NYSE) on October 27.

Bullish CEO Tom Farley and Equiniti CEO Dan Kramer showcased the transfer of 61 million reserved Bullish shares on Solana during the event.

Read more: Tokenized Assets Remain Unfamiliar to 89% of Americans, New Survey Shows – Ledger Tribune

During the demonstration, Equiniti handled the official share records. The transfer was said to have been completed in seconds. As a result, it demonstrated the potential of blockchain networks for quicker share transfers.

In addition, Farley showed another aspect of the service. He demonstrated the ability of companies to pay shareholders directly via blockchain wallets.

During the demonstration, a shareholder received a digital Consensus pass in their wallet. This functionality may enable companies to provide special benefits to tokenized shareholders.

Bullish is planning to offer the same services on Aptos and Ethereum. In addition, the company anticipates that it will be able to assist more blockchain networks in the future.

Thomas Cowan, Bullish’s Head of Tokenization, stated that the company aims to have its issuer tokens on the major blockchains. He also pointed out that Solana has been playing a key role in showcasing the service to companies.

Tokenized Shares Could Bring New Features to Investors

Having multiple networks may enable companies to connect with investors from various blockchain ecosystems. It also provides issuers with more options in terms of where they can sell digital shares.

These services may offer a number of helpful features for shareholders. For instance, tokenized shares could enable trading 24 hours a day and quicker settlement.

Furthermore, blockchain technology could offer transparency on share ownership in real-time. Programmable transactions could also allow companies to control some of the activities of shareholders.

One other potential advantage is corporate actions. These include shareholder voting and dividend payments. Companies may be able to more efficiently manage these activities with tokenized systems.

Official ownership records will be kept by transfer agents, however. This method links blockchain share transfers to existing financial record-keeping systems.

Bullish Moves Forward With Multi-Chain Equity Services

Bullish’s backing of 3 blockchain networks is a sign of its broader digital securities plans. The company aims to provide issuer-sponsored shares on existing blockchain platforms.

Meanwhile, Solana, Aptos and Ethereum could gain more institutional activity through these services. Other network assistance can also lure companies to consider digital share offerings.

In sum, the announcement is another step in the tokenized securities market. But it will take company participation, investor demand and regulatory requirements to get it wider spread.

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