tZero Group, a New York-based blockchain infrastructure company, has announced plans to go public via an initial public offering (IPO) in the United States in 2026. Founded in 2014, the firm specializes in tokenizing real-world assets, including securities, fiat currencies, and real estate, facilitating 24/7 trading under US securities laws.
CEO Alan Konevsky revealed that tZero is in discussions with several banks but has not yet selected an underwriter. He noted that the company, which employs just over 50 people and is not yet profitable, may seek an additional funding round ahead of the listing. tZero has raised approximately $200 million to date, with Intercontinental Exchange, owner of the New York Stock Exchange (NYSE), among its investors.
The IPO reflects a strategic push to scale tZero's regulated platform across multiple asset classes, leveraging blockchain automation and compliance to modernize capital formation and cross-border transactions. Konevsky emphasized that tokenization is poised to become "the new rails" for efficient capital movement, aiming to broaden institutional and retail investor participation, increase liquidity, and enhance market transparency.
This move aligns with a broader surge in crypto company listings, driven by greater regulatory clarity in the US, including the GENIUS Act passed in July, and a pro-crypto stance from the Trump administration. Recent examples include Circle's NYSE debut in June with an upsized IPO over $1.05 billion, where shares soared 167% on the first day, followed by Bullish and Gemini going public in August and September, respectively. Kraken is also reportedly pursuing a 2026 listing after raising $500 million at a $15 billion valuation.
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