The tokenization platform tZero aims for an IPO in 2026, as a wave of cryptocurrency companies goes public.

CN
20 hours ago

The blockchain infrastructure company tZero Group, headquartered in New York, focuses on tokenized securities and real-world assets, and has announced plans to go public in 2026.

The company disclosed its plans for an initial public offering (IPO) in the United States on Monday. Founded in 2014, tZero helps companies raise funds and trade securities on a blockchain-based platform in accordance with U.S. securities laws, including private placements.

CEO Alan Konevsky told Bloomberg that tZero is in negotiations with several banks but has not yet selected underwriters. He stated that tZero employs over 50 staff and is currently not profitable, and may pursue additional funding rounds before going public.

Tokenization is the process of converting real-world assets—such as fiat currency, stocks, and real estate—into digital tokens on the blockchain, enabling them to be traded online 24/7.

According to tZero, this public offering reflects a belief that asset tokenization will play a central role in making capital formation and cross-border transactions more efficient.

Konevsky noted that the company has also listed its tokenized stock, raising approximately $200 million. The Intercontinental Exchange, owner of the New York Stock Exchange (NYSE), is an investor in tZero.

The U.S. regulatory environment has become clearer, including the GENIUS Act passed in July, along with the Trump administration's supportive stance on cryptocurrencies, encouraging more crypto companies to go public or prepare for an IPO.

Stablecoin issuer Circle made its debut on the NYSE in June, with an IPO size exceeding $1.05 billion. The stock surged 167% on its first trading day.

Cryptocurrency exchange Bullish and CoinDesk's parent company also went public on the NYSE in August.

Another cryptocurrency company that went public this year is Gemini. Founded by brothers Cameron and Tyler Winklevoss, the exchange began trading on Nasdaq in September after raising its IPO valuation just days prior.

Additionally, reports indicate that Kraken is seeking to go public in 2026. The company raised $500 million in September at a valuation of $15 billion, amid growing speculation about its IPO in 2026.

Related: Mid-sized Bitcoin (BTC) miners rise, reshaping the competitive landscape post-halving

Original article: “Tokenization platform tZero aims for 2026 IPO as crypto company listing wave emerges”

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