tZERO Group, Inc., a provider of blockchain-based financial infrastructure, 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 financing round, with its portion to be funded upon 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. This funding is part of tZERO's broader long-term capital plan to power its growth as it works toward a strategic transaction to drive the next phase of its growth and long-term capital stability, while advancing its infrastructure-as-a-service (IaaS) offering for tokenized securities and other assets.
The significance of this funding round lies in its potential to accelerate the institutional adoption of tokenized financial markets. tZERO's solutions connect tokenization, trading, custody, and asset servicing, helping financial institutions bring blockchain-based assets to market through regulated infrastructure. With this capital, tZERO aims to deepen institutional relationships and pursue opportunities, including expansion into tokenized and other derivatives, prediction markets, and spot crypto infrastructure-as-a-service with its upcoming CFTC licenses, as well as to bridge to an independent footprint for the company.
Alan Konevsky, Chief Executive Officer of tZERO, commented, “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. We are grateful to our participating investors for their confidence in our business.”
Marc Cohodes, lead investor in the round, stated, “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 long-term development. Their participation provides a foundation for the company to deepen institutional relationships and pursue opportunities, along with expansion into tokenized and other derivatives, prediction markets, and spot crypto infrastructure-as-a-service with its upcoming CFTC licenses – as well as to bridge to an independent footprint for the company.
tZERO, through its broker-dealer subsidiaries, democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors. All technology services are offered through tZERO Technologies, LLC. For more information, please visit our website.
tZERO Digital Asset Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. It is the broker-dealer custodian of all digital asset securities offered on tZERO’s online brokerage platform. Digital asset securities may not be “securities” as defined under the Securities Investor Protection Act (SIPA)—and in particular, digital asset securities that are “investment contracts” under the Howey test but are not registered with the Securities and Exchange Commission are excluded from SIPA’s definition of “securities”—and thus the protections afforded to securities customers under SIPA may not apply. More information about tZERO Digital Asset Securities may be found on FINRA’s BrokerCheck.
tZERO Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. It is the operator of the tZERO Securities ATS. More information about tZERO Securities may be found on FINRA’s BrokerCheck.
tZERO Transfer Services, LLC is a transfer agent registered with the SEC. More information about tZERO Transfer Services may be found on the SEC's Edgar: https://www.sec.gov/search-filings.
Digital asset securities, as well as any particular investment, may not be suitable or appropriate for everyone. Investors should note that investing or trading in securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, and no assurance of liquidity which could impact their price and investors’ ability to sell, and possible loss of principal invested. There is always the potential of losing money when you invest in securities. There are also unique risks specific to digital asset securities, including, without limitation, fraud, manipulation, theft, and loss.
