Bullish, an institutionally focused and regulated global digital asset platform and exchange, says it will collaborate with the Solana Foundation, the steward of one of the “most scalable” blockchains, to advance institutional-grade financial infrastructure on-chain.
This collaboration aims to “make Solana-native stablecoins the primary digital asset used across Bullish’s exchange and clearing services – powering custody, payments, transactions, settlement, and future product innovations.”
This reflects both organizations’ commitment “to building performant, cost-effective infrastructure that bridges centralized and decentralized finance.”
Tom Farley, CEO of Bullish, says they believe Solana is the next generation of rails for financial infrastructure.
“This collaboration allows us to accelerate the shift toward real-time, on-chain finance with the regulatory rigor our clients expect.”
Bullish will prioritize Solana-native stablecoins “across its exchange including custody, trading, clearing and settlement, which will enable customers to benefit from both Bullish’s deep liquidity and Solana’s low-cost, high-speed network.”
CoinDesk Data, also part of the Bullish Group, “will enhance data coverage and tooling for Solana tokens and stablecoins to support a growing community of CeFi and DeFi users.”
Solana’s widely recognized fast transaction speeds, “low costs, and flexible design make it a strong choice for building global payment and settlement networks.”
Bullish plans to incorporate Solana’s technology “into its ecosystem, starting with payments and later expanding to clearing and settlement for upcoming products.”
In the first quarter of 2025, Bullish exchange executed “over $2.5 billion in average daily volume, ranking in the top five exchanges by spot volume for Bitcoin and Ether.”
As covered, Bullish is an institutionally-focused digital assets exchange that claims to “offer best execution in crypto’s biggest assets and deep, deterministic liquidity from its automated market maker.”
With a focus on developing products and services for the institutional digital assets sector, Bullish has rewired the “traditional exchange to benefit asset holders, enable traders, and increase market transparency.”
Supported by Bullish’s treasury, Bullish’s digital asset spot and derivatives trading services “utilize high-performance central limit order matching and proprietary market-making technology to deliver deep liquidity and tight spreads within a compliant framework.”
Launched in November 2021, the exchange is “available in 50+ select jurisdictions.”
Bullish prioritizes compliance and “safeguarding customer assets through robust security measures and regulatory oversight.”
The business is licensed by the German Federal Financial Supervisory Authority, the Hong Kong Securities and Futures Commission, and the Gibraltar Financial Services Commission.