tZERO Group, Inc., a leader in blockchain-based financial infrastructure, 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. Neighborhood Intelligence also committed to support the financing round, with its portion to be funded upon tZERO announcing a binding agreement regarding a strategic transaction such as a change of control, a sale of substantially all assets, or a merger with a SPAC or another entity.
This financing is part of tZERO's broader long-term capital plan to power its growth as the company 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. tZERO's solutions connect tokenization, trading, custody, and asset servicing, helping financial institutions 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."
"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," said Marc Cohodes, lead investor in the round. "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's broker-dealer subsidiaries provide an innovative liquidity platform for private companies and assets. The company offers institutional-grade solutions for issuers looking to digitize their capital table through blockchain technology and make such equity available for trading on an alternative trading system. 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 tZERO's 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. 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, and operates the tZERO Securities ATS. tZERO Transfer Services, LLC is a transfer agent registered with the SEC. More information may be found on the SEC's Edgar: https://www.sec.gov/search-filings.
Digital asset securities may not be suitable for all investors, and investing or trading in securities involves substantial risks, including no guarantee of returns, costs associated with selling and purchasing, and no assurance of liquidity, which could impact price and investors' ability to sell, and possible loss of principal. There are also unique risks specific to digital asset securities, including fraud, manipulation, theft, and loss.
This release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security. No offer to buy the securities can be accepted and no part of the purchase price can be received until the offering statement is qualified. The securities described herein are subject to qualification by the U.S. Securities and Exchange Commission under Regulation A+ (Tier 2) and have not yet been so qualified.
This release contains forward-looking statements based on expectations and projections about future events. Actual results may differ materially due to various factors, including tZERO's ability to keep pace with new technology and changing market needs, regulatory developments, and competition. tZERO is not obligated to publicly update or revise any forward-looking statement.
