#Gibraltar
3 articles tagged #Gibraltar — curated RWA tokenization coverage.
Bullish shares jump 10% as Q2 adjusted EBITDA more than triples
Bullish, the institutional-focused crypto exchange and parent company of CoinDesk, reported a 62% year-over-year increase in second-quarter adjusted revenue, reaching $92.6 million. The company’s adjusted EBITDA more than tripled to $29.5 million, while adjusted net income hit $14.3 million, marking a significant turnaround from the previous year's loss. Despite a decline in quarterly trading volume to $179.6 billion, record-breaking subscription and services revenue of $62.7 million bolstered the firm's financial performance. Following these results, Bullish shares rose approximately 10% on the NYSE. Crucially for the RWA sector, the company secured approval from the Gibraltar Financial Services Commission to facilitate secondary trading in issuer-sponsored tokenized securities. This regulatory milestone signals Bullish's strategic pivot toward regulated onchain markets and the integration of tokenized assets into its institutional platform. The firm has subsequently raised its full-year guidance for subscription and services revenue to a range of $225 million to $245 million.
Bullish (BLSH) Wins Gibraltar Approval For Regulated Tokenized Securities Trading
Bullish (NYSE:BLSH) has secured regulatory approval in Gibraltar to facilitate the trading of issuer-sponsored tokenized securities, marking a significant step in its strategy to build an end-to-end digital asset infrastructure. This regulatory milestone allows the company to provide a compliant environment for institutional issuers seeking to tokenize assets while offering 24/7 trading and near-instant settlement. Furthermore, Bullish has announced plans to acquire Equiniti, a move designed to integrate traditional corporate services and registry capabilities into its existing digital asset platform. By bridging the gap between blockchain technology and traditional capital markets, Bullish aims to capture institutional demand for regulated tokenized products. This development is critical for the RWA market as it demonstrates the growing trend of established financial entities seeking clear regulatory frameworks to support secondary trading of tokenized assets. As Bullish navigates a challenging financial period, including a reported net loss of approximately US$1.0 billion, the successful execution of this expansion strategy remains vital for its long-term viability. The integration of these services could fundamentally reshape how capital raising and secondary market liquidity are managed within the evolving digital asset ecosystem.
Bullish receives Gibraltar Financial Services Commission approval to offer trading in tokenized securities
Bullish, a regulated digital asset exchange, has secured approval from the Gibraltar Financial Services Commission to facilitate trading in tokenized securities. This regulatory milestone allows the platform to expand its service offerings beyond traditional cryptocurrencies into the broader RWA sector. By leveraging its existing regulatory framework, Bullish aims to bridge the gap between institutional-grade financial products and blockchain-based trading environments. The approval signifies a growing trend of established exchanges seeking formal oversight to capture the increasing demand for tokenized financial instruments. This development is significant for the RWA market as it provides a compliant venue for the secondary market trading of tokenized assets. As more jurisdictions provide clear regulatory pathways, the infrastructure for institutional participation in tokenized securities continues to mature. Bullish's ability to integrate these assets into its current ecosystem positions it as a key player in the evolving landscape of digital finance.