Coindesk

TZERO Plans Public Listing as Tokenization Push Gains Steam


Blockchain infrastructure firm tZERO has announced plans to go public, underscoring growing investor interest in tokenized assets and the integration of blockchain technology into traditional financial markets, the company said in a press release on Monday.

The New York–based company, known for its regulated digital asset platform and brokerage services, said the move toward an initial public offering (IPO) reflects its belief that tokenization will form “the new rails” for cross-border capital movement and asset formation.

TZERO is the latest crypto company to seek a public listing amid a flurry of deals in the space. Stablecoin issuer Circle (CRCL) went public via an initial public offering (IPO) in June, followed by CoinDesk’s owner Bullish (BLSH) in August and crypto exchange Gemini (GEMI) in September.

“TZERO has pioneered regulated infrastructure for digital assets by building its leading end-to-end broker-dealer platform for tokenized securities in the United States,” said Alan Konevsky, CEO of tZERO, in the release.

“Our mission—and evolution into a public company—are particularly important now as tokenization finally enters the public equities markets,” he added.

tZERO’s push for a public company structure, pending regulatory approval and market conditions, comes as tokenization gains traction among institutional and retail investors alike.

The company said it is working with strategic partners to expand its reach across asset classes and geographies.

The firm’s platform combines blockchain automation and regulatory compliance to modernize capital formation and ownership in the emerging Web3 economy.

Read more: Blockchain.com Has Held Talks to Go Public Via SPAC Deal: Sources




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