Bullish, the parent company of CoinDesk, has agreed to buy Equiniti for $4.2 billion in what's being called the biggest crypto deal ever. CEO Tom Farley and Equiniti CEO Dan Kramer joined CoinDesk Live at Consensus 2026 in Miami to break down the deal moments after it was announced.

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Timecodes:

00:00 Bullish to Buy Equiniti for $4.2 Billion

00:32 Tom Farley and Dan Kramer Join the Desk

01:49 Issuer-Focused: The Token IS the Share

02:26 Why Issuers Want One Register, Not Two

03:33 What Changes for Shareholders

03:54 Why a Partnership Wasn't Enough: Bullish + Equiniti Had to Be One

05:01 Stablecoins as the Tokenization Blueprint

06:33 New Pockets of Liquidity for Nvidia Stock