tZERO Group, Inc., a blockchain-based financial infrastructure firm, has announced a funding round led by Marc and Max Cohodes, with participation from existing investors Intercontinental Exchange, Inc. (NYSE: ICE), Bill Fleckenstein, and support from partner Dinari, Inc., among others. Neighborhood Intelligence also committed to support the round, with its portion contingent on tZERO announcing a binding agreement for a strategic transaction such as a change of control, sale of substantially all assets, or merger with a SPAC or another entity.
The financing is part of tZERO's long-term capital plan to advance its infrastructure-as-a-service (IaaS) offering for tokenized securities and other assets while pursuing a strategic transaction to drive growth and capital stability. tZERO's solutions integrate tokenization, trading, custody, and asset servicing, enabling financial institutions to bring blockchain-based assets to market through regulated infrastructure.
"This funding supports tZERO's operations and execution as we work to position the Company for capital independence and continue to commercialize and expand the infrastructure for tokenized financial markets," said Alan Konevsky, Chief Executive Officer of tZERO. "We are grateful to our participating investors for their confidence in our business."
Marc Cohodes, the lead investor, emphasized his long-term commitment: "This is my third investment round in tZERO over the last eight years. I believe that tZERO has never been in a stronger position or better managed and has a leading robust pipeline for its infrastructure services with a range of institutional clients. I cannot be more proud of Alan and his team and look forward to tZERO continuing to work to become one of the most important companies in the next era of financial markets."
The round brings together shareholders and strategic partners with a shared interest in tZERO's development, providing a foundation to deepen institutional relationships and pursue opportunities in tokenized derivatives, prediction markets, and spot crypto infrastructure-as-a-service with upcoming CFTC licenses. It also aims to bridge to an independent footprint for the company.
tZERO's broker-dealer subsidiaries offer an innovative liquidity platform for private companies and assets, providing institutional-grade solutions for issuers to digitize their capital table through blockchain technology and trade equity on an alternative trading system. The company democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors.
For more information, visit tZERO's website at https://www.tzero.com. tZERO Digital Asset Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. More information about tZERO Digital Asset Securities may be found on FINRA's BrokerCheck. tZERO Securities, LLC is also a broker-dealer registered with the SEC and a member of FINRA and SIPC, operating the tZERO Securities ATS. tZERO Transfer Services, LLC is a transfer agent registered with the SEC, and more information may be found on the SEC's Edgar at https://www.sec.gov/search-filings.
This funding round underscores the growing institutional interest in tokenized financial markets and tZERO's role in providing regulated infrastructure. As the company advances its IaaS offering and pursues strategic opportunities, it aims to become a key player in the next era of financial markets.
