Bullish makes Wall Street history 📈
The digital‑asset exchange debuted on the NYSE as BLSH, raising $1.15B in its IPO — with every dollar settled in stablecoins. It’s the first US IPO fully on‑chain, blending blockchain rails with mainstream capital markets.
Tokens used — USDCV, EURCV, USDG, PayPal’s PYUSD, Ripple’s RLUSD — were mostly minted on Solana, with some on the XRP Ledger. Jefferies handled settlement; Coinbase is custodian for USDC & EURC.
CFO David Bonanno calls stablecoins “one of the most transformative” digital‑asset uses, as the deal cements their role as a faster, cheaper alternative to wire transfers for major securities.
