TechFlow news, August 19 — According to an official announcement, Bullish (NYSE: BLSH) today announced that $1.15 billion of proceeds from its recently completed initial public offering (IPO) were settled in stablecoins, marking a historic milestone in the U.S. IPO market. These stablecoins were primarily minted on the Solana network, with Jefferies acting as agent to coordinate the entire minting, conversion, and delivery process. All stablecoin proceeds are held in exclusive custody by Coinbase. Bullish CFO David Bonanno stated that the company internally utilizes stablecoins for fast and secure global fund transfers, particularly on the Solana network. Bullish's IPO closed on August 14, 2025, and its shares are now traded on the New York Stock Exchange under the ticker "BLSH".
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