Bullish president says stock tokenization is an unavoidable market trend

Stacey Cunningham, the former president of the New York Stock Exchange and the new president of crypto exchange Bullish, said issuing companies must take part for stock tokenization to develop into a successful market, CoinDesk reported. Cunningham said synthetic tokenization is currently active, but the companies issuing the shares are being left out of the discussion. Cunningham added the question is not whether tokenization will happen, but when. Bullish is pursuing a $4.2 billion acquisition of shareholder registry manager Equiniti. If the deal is completed, Bullish plans to secure a network spanning about 3,000 companies and more than 20 million shareholders to build an issuer-centric stock tokenization platform.