Bullish to Buy Equiniti for $4.2B in Tokenization Bet
Crypto exchange Bullish is acquiring transfer agent Equiniti from Siris in a $4.2B deal to build the first blockchain-native transfer agent for tokenized securities.
Capital Markets
Explore how companies and governments raise money through equity and debt markets. Read coverage of financing, public offerings, transactions and market structure alongside educational guides. Find your way around ECMSource.
CLOs Explained: How Collateralized Loan Obligations Work
What is a CLO? How collateralized loan obligations slice up leveraged corporate loans into rated tranches and where the AAAs actually stand.
Alphabet’s Record $3.6B Yen Bond Funds Its AI Capex Spree
Alphabet sold ¥576.5B ($3.6B) of yen bonds on May 15, 2026 — the biggest foreign issue ever, beating Berkshire’s 2019 record. Why Tokyo, why now.
EQT’s $3.8B Bid for Kakaku.com Sparks Japan PE Bidding War
Sweden’s EQT launched a $3.76B tender offer for Kakaku.com, the parent of Tabelog. Hours later, Bain Capital and LY Corp filed a competing joint bid.
JPMorgan Files to Launch Tokenized Money Market Fund on Ethereum
JPMorgan’s Kinexys unit has filed with the SEC to register JLTXX, a tokenized U.S. Treasury money market fund on Ethereum, entering a $15.8 billion market.
Verizon Issues $4B in Dollar Hybrid Bonds for the First Time
Verizon priced $4B in its first-ever USD hybrid bonds, completing a $12B global program alongside tender offers on 31 series of legacy debt.
Rolls-Royce Lines Up Euro Bond as NATO Defense Spending Hits $574B
Rolls-Royce is arranging a rare Euro bond to build cash reserves as NATO defense spending surges 20% to a record $574 billion — here’s what’s driving the capital raise.
Bullish Buys Equiniti for $4.2B to Tokenize Shareholder Services
Bullish agreed to acquire Equiniti for $4.2B, combining a crypto exchange with a transfer agent serving 3,000 issuers and $500B in annual payments.
IG Credit Spreads Near 3-Year Lows as Corporate Borrowers Rush In
Investment-grade credit spreads compressed to 79 basis points in May 2026, near their tightest in over three years, as companies race to lock in cheap borrowing costs.
Anthropic Could Raise $50 Billion at Near-$1 Trillion Value
Sources say Anthropic is fielding preemptive offers for a $40-50B round at $850-900B, backed by Google’s $40B pledge and Amazon’s $13B commitment, with one $5B buyer unable to get a meeting.