Blockchain infrastructure company tZERO has announced plans to go public, highlighting growing investor interest in tokenized assets and the integration of blockchain technology into traditional financial markets, the company announced in a press release Monday.
The New York-based company, known for its regulated digital asset platform and brokerage services, said the move toward an initial public offering (IPO) reflects its belief that tokenization will provide “the new rails” for cross-border capital movements and asset formation.
TZERO is the latest crypto company to seek a public listing amid a flurry of deals in the space. Stablecoin issuer Circle (CRCL) went public via an initial public offering (IPO) in June, followed by CoinDesk owner Bullish (BLSH) in August and crypto exchange Gemini (GEMI) in September.
“TZERO pioneered regulated infrastructure for digital assets by creating its leading end-to-end brokerage platform for tokenized securities in the United States,” Alan Konevsky, CEO of tZERO, said in the release.
“Our mission – and our evolution into a public company – is especially important now that tokenization is finally entering public stock markets,” he added.
tZERO’s push for a public company structure, pending regulatory approval and market conditions, comes as tokenization gains traction with institutional and retail investors.
The company said it is working with strategic partners to expand its reach across asset classes and geographies.
The company’s platform combines blockchain automation and regulatory compliance to modernize capital formation and ownership in the emerging Web3 economy.
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