Bullish 2Q revenue rises 62%, eyes integrated security token platform

Bullish said second-quarter revenue rose 62% from a year earlier to $92.6 million, while adjusted EBITDA climbed to $29.5 million from $8.1 million and adjusted net income improved to $14.3 million from a net loss of $6 million a year earlier. Digital asset revenue, however, fell to $23.6 billion from $58.6 billion, and the company posted a net loss of $280 million. Bullish plans to build an integrated platform supporting the full process for security tokens, from issuance, listing and trading to tracking, after completing its acquisition of securities services provider Equiniti.