Bullish raises $1.1 billion through IPO…Core infrastructure to be migrated to Solana stablecoin
Suehyeon Lee
Summary
- Bullish announced that it raised $1.1 billion in its New York Stock Exchange IPO.
- Bullish stated that it plans to migrate key infrastructure such as custody, settlement, trading, and clearing to a Solana-based stablecoin using the funds secured from this round.
- The adoption of a Solana (SOL)-based stablecoin was emphasized as a key strategic initiative.
The virtual asset (cryptocurrency) exchange Bullish secured $1.1 billion in its listing (IPO) on the New York Stock Exchange (NYSE).
According to SolanaFloor on the 14th (local time), Bullish raised $1.1 billion (about ₩1.5219 trillion) in its New York Stock Exchange IPO.
The company plans to use these funds to migrate core infrastructure such as custody, settlement, trading, and clearing to a Solana (SOL)-based stablecoin.
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
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