tZERO, a platform focused on tokenized securities markets, said it has completed a new financing round led by Marc Cohodes and Max Cohodes. Existing investors including Intercontinental Exchange (ICE), Bill Fleckenstein and partner Dinari took part, while Neighborhood Intelligence also committed to the round. The company said the financing forms part of its long-term capital plan and will be used to support operations, fund its next stage of growth, and expand its infrastructure-as-a-service business. tZERO said it is building infrastructure for tokenization, trading, custody and asset servicing across tokenized securities and other assets, with the aim of helping financial institutions issue and trade assets on regulated blockchain infrastructure. CEO Alan Konevsky said the funding will help the company keep expanding its tokenized financial market infrastructure business and move toward capital independence. tZERO also said it plans to broaden its services into tokenization and other derivatives, prediction markets, and spot crypto infrastructure, while seeking to scale further through strategic transactions.
tZERO, a platform for tokenized securities markets, said on Sept. 14 that it has completed a new financing round led by Marc Cohodes and Max Cohodes.
Existing investors including Intercontinental Exchange (ICE), Bill Fleckenstein and partner Dinari participated in the round, and Neighborhood Intelligence also committed to invest.
The company said the financing is part of its long-term capital plan. It will be used to support operations, fund the next stage of growth, and advance its infrastructure-as-a-service (IaaS) business.
tZERO said it is building infrastructure spanning tokenization, trading, custody and asset servicing around tokenized securities and other assets. The stated goal is to help financial institutions issue and trade assets through regulated blockchain infrastructure.
Chief Executive Officer Alan Konevsky said the round will support the company as it continues expanding its tokenized financial market infrastructure business and works toward capital independence.
The company also said it plans to expand infrastructure services covering tokenization and other derivatives, prediction markets, and spot crypto, and that it will look to grow its business further through strategic transactions.
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