Equiniti and Bullish run Tether Gold dividend on existing rails

In August 2026, transfer agent Equiniti and Bullish completed a dividend for Elemental Royalty Corp. in which eligible holders could elect to receive their payout in Tether Gold. The shares were not tokenized, but the on-register mechanism underpins Bullish's issuer-sponsored tokenization model for collapsing the T+1 settlement chain.

• The dividend runs on existing shareholder-register rails rather than onchain shares.