Tokenized Securities Platform tZERO Completes New Round of Financing, with ICE Among Participants

Tapbit news, September 15 - Tokenized securities market platform tZERO announced the completion of a new round of financing, led by Marc Cohodes and Max Cohodes, with participation from existing investors Intercontinental Exchange (ICE), Bill Fleckenstein, and partner Dinari, among others. Neighborhood Intelligence has also committed to participating in this round. The financing will support the company's continued expansion of its tokenized financial market infrastructure business and drive capital independence.

tZERO stated that this round is part of the company's long-term capital plan and will be used to support business operations and the next phase of growth, as well as to advance its infrastructure-as-a-service business. The company is currently building infrastructure encompassing tokenization, trading, custody, and asset services around tokenized securities and other assets, helping financial institutions issue and trade assets through regulated blockchain infrastructure. The company also plans to expand into tokenization and other derivatives, prediction markets, and spot crypto infrastructure services, and seeks to further scale its business through strategic transactions.