Crypto Industry Gears Up for Institutional Adoption at Consensus Miami

The Consensus Miami conference kicked off with a flurry of announcements from prominent crypto companies, marking a significant milestone in the industry's push towards institutional adoption.

Bullish, a leading digital asset infrastructure company, announced its plans to acquire Equiniti, a global transfer agent valued at approximately $4.2 billion. The acquisition aims to position Bullish as a major player in tokenized securities infrastructure and blockchain-native capital markets, combining traditional shareholder services with digital asset infrastructure.

Kraken, a prominent cryptocurrency exchange, partnered with MoneyGram to improve global crypto-to-cash accessibility. The collaboration will enable Kraken users to convert digital assets into fiat currencies through MoneyGram's international cash pickup network spanning over 100 countries.

Other notable announcements included Sumsub and Chainlink's launch of cross-chain identity infrastructure, which enables reusable identity credentials across multiple blockchain ecosystems. The solution aims to help institutional and retail participants access compliant on-chain financial services without repeatedly submitting verification information.