tZERO Secures Funding to Expand Tokenized Financial Market Infrastructure

tZERO Group, Inc., a leader in blockchain-based financial infrastructure, has 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 a binding agreement regarding a strategic transaction such as a change of control, sale of substantially all assets, or 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. The funds will advance tZERO's infrastructure-as-a-service (IaaS) offering for tokenized securities and other assets, connecting tokenization, trading, custody, and asset servicing to help 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, including 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.

For Texas, this development signals potential economic impact as tZERO advances infrastructure for tokenized financial markets. The company's broker-dealer subsidiaries provide an innovative liquidity platform for private companies and assets, offering institutional-grade solutions for issuers looking to digitize their capital table through blockchain technology. tZERO Digital Asset Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC, serving as 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 a broker-dealer registered with the SEC and a member of FINRA and SIPC, operating the tZERO Securities ATS. tZERO Transfer Services, LLC is a transfer agent registered with the SEC, with more information available on the SEC's Edgar: https://www.sec.gov/search-filings.

Investors should note that digital asset securities may not be suitable for everyone and involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, and no assurance of liquidity which could impact their price and investors’ ability to sell, and possible loss of principal invested. Unique risks specific to digital asset securities include 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. Forward-looking statements are based on expectations and projections about future events, and actual results may differ materially. tZERO, its subsidiaries, and its representatives are not obligated to publicly update or revise any forward-looking statement.