Tokenized Securities at Bullish
How Shareholders Can Withdraw Their BLSH Tokens
BLSH shareholders whose shares are registered with Equiniti can create and withdraw tokenized representations of those shares (tokens). The underlying registered shares remain on Equiniti's registrar unless the ownership of those shares is separately transferred.
The withdrawal process runs through Shareholder Central, Equiniti's shareholder portal.
1. Move Your Shares to Equiniti via DRS
If your shares are held at a broker, ask your broker to transfer your BLSH shares through the Direct Registration System (DRS) to Equiniti. Most major brokers can process DRS requests through customer support or a simple written instruction. Transfers typically settle within a few business days.
2. Register or Verify Your Shareholder Central Account
To withdraw BLSH tokens, all shareholders must complete identity verification requirements.
- If you do not already have a Shareholder Central account, you will first need to register for an account and complete identity verification (KYC).
- If you already have a Shareholder Central login, you can sign in using your existing credentials but must still complete any required KYC/KYB verification before withdrawing BLSH tokens.
Once your identity verification has been approved, you can choose how you want to hold your BLSH tokens.
3. Choose How You Want to Hold Your Tokens
Once your account has been verified, you can withdraw your BLSH tokens in one of two ways:
Option A: Withdraw to Your Own Solana Wallet
If you want to self-custody your tokens:
- Provide your Solana wallet address through Shareholder Central, using Provide your Wallet Address link.
- Once approved, the wallet address is added to the BLSH token contract allowlist.
- You may then withdraw BLSH tokens directly to your whitelisted Solana wallet.
Option B: Withdraw to Bullish Exchange
If you want Bullish Exchange to custody your tokens:
- Select Withdraw my tokens to Bullish Exchange link
- You will then receive a link to open and verify a Bullish Exchange account.
- Complete any required KYC/KYB and onboarding requirements established by Bullish.
- Eligibility will be subject to Bullish's jurisdictional availability and regulatory requirements.
- Once your Bullish Exchange account is enabled, you may withdraw your BLSH tokens directly to your Bullish Exchange account.
4. Withdraw Your Tokens
Choose how many BLSH tokens you would like to withdraw. Once the transaction is processed, the tokens will be delivered to your approved destination wallet.
When you withdraw tokens:
- Your Available Tokens balance is reduced.
- Your Withdrawn Tokens balance increases only if you withdraw to your own self custody wallet.
- If you withdraw to the Bullish Exchange, all the tokens move out of your Equiniti account to your wallet on the Bullish Exchange.
- The combined balance remains equal to your underlying registered book-entry share balance.
- Your registered shares at Equiniti are not debited unless ownership of the shares is transferred.
Once Withdrawn, Tokens Can Be:
- Tokens held in self-custody can be transferred peer-to-peer between Equiniti-whitelisted registered shareholders.
- Returned from your wallet held in self-custody to your Available Tokens balance through Shareholder Central.
Investors and prospective investors should carefully consider the Risk Factors Relating to Tokenized $BLSH Shares before dealing in tokenized BLSH or Bullish ordinary shares. Additional risk factors relating to Bullish and its ordinary shares are set out in Bullish's SEC filings.
