The Texas Stock Exchange reportedly secured around $120 million in funding and is prioritizing ETF listings. It also aims to offer a more competitive alternative to the two major U.S. stock exchanges.
The world’s largest asset manager, BlackRock, and market maker Citadel Securities have reportedly backed a firm in launching a new national stock exchange in Texas.
The Texas Stock Exchange (TXSE) has reportedly already secured approximately $120 million in funding and intends to file registration statements with the United States Securities and Exchange Commission (SEC) toward the end of 2024, according to a June 4 Wall Street Journal report.
The pro-crypto state’s stock exchange could be another alternative for crypto companies looking to go public.
