Bullish appoints Former NYSE President Stacey Cunningham as President

Cayman Islands – November 9, 2026 – Bullish (NYSE: BLSH), an institutionally focused global digital asset platform that provides market infrastructure and information services, today announced the appointment of Stacey Cunningham, former President of the New York Stock Exchange (NYSE), as President. Cunningham's appointment comes as Bullish advances its strategy to connect traditional capital markets infrastructure with blockchain technology. Cunningham has spent more than three decades at the crossroads of issuers and investors, bringing that experience and those relationships to the company's efforts to modernize the infrastructure supporting financial markets.

"Stacey is one of the most respected leaders in global capital markets, and I've seen firsthand the impact of her leadership," said Tom Farley, CEO of Bullish. "She brings the rare combination of deep market structure expertise, operational experience, and relationships with issuers built over decades. As we bring together traditional financial infrastructure and blockchain technology, Stacey will play a central role in building the next generation of services for market participants."

Cunningham brings decades of financial markets experience, including serving as President of NYSE Group, where she became the first woman to lead the exchange group. During her tenure, she also held senior leadership roles including Chief Operating Officer, overseeing technology modernization and the integration of multiple exchange acquisitions. Previously, she held senior roles at Nasdaq. Cunningham serves on the boards of internet infrastructure and cybersecurity provider Cloudflare, the New York Stock Exchange, and Georgetown University's Psaros Center for Financial Markets and Policy. She has served as an operating partner at the global private equity firm Advent and an advisor to Uniswap Labs, the digital asset technology provider.

"Public markets depend on trusted infrastructure, but there is an enormous opportunity to make that infrastructure more efficient, connected and accessible," said Cunningham. "Bullish is bringing together the expertise, technology and relationships needed to deliver meaningful improvements for issuers and shareholders. I'm excited to help build on that foundation, strengthen the services our clients rely on today and create new possibilities for how companies and investors connect in the future."

In May 2026, Bullish announced its $4.2 billion acquisition of Equiniti, a leading global transfer agent serving nearly 3,000 issuer clients and more than 20 million shareholders. The planned combination would bring together Equiniti's established shareholder services and registry infrastructure with Bullish's regulated trading capabilities. Bullish has also received regulatory approval for tokenized securities trading in Gibraltar and launched trading of its own issuer-sponsored tokenized shares.

The appointment builds on a series of moves positioning Bullish at the center of tokenized securities infrastructure and financial technology that connects capital, communications and governance.