tZero Plans for 2026 IPO as Crypto Public Offerings Surge

Blockchain Firm tZero Eyes 2026 IPO Amid Surge in Crypto Public Listings

tZero Group, a New York-based blockchain infrastructure company focusing on tokenized securities and tangible assets, is gearing up for a public listing in 2026. This move captures the momentum of an increasing number of cryptocurrency-related initial public offerings (IPOs).

Key Takeaways:

tZero is set to initiate a US IPO in 2026, tapping into the growing interest in tokenized securities and regulated blockchain finance.
CEO Alan Konevsky has confirmed talks with banks and hinted at a new funding initiative as the company prepares for its market launch.
The tokenization of assets could unlock a $400 trillion market opportunity, with projections indicating that the real-world asset (RWA) market could grow to $16 trillion by 2030.

The announcement regarding its US listing reached the public on Monday, signifying tZero’s optimism about the burgeoning market for asset tokenization and regulated blockchain finance.

Founded in 2014, tZero enables businesses to raise funds and trade tokenized securities in compliance with U.S. securities regulations, creating a link between traditional finance and blockchain technology.

Exploring Bank Partnerships and New Funding Before IPO

Chief Executive Alan Konevsky shared insights with Bloomberg that tZero is currently engaging with various banks to identify an underwriter for the IPO.

With a workforce of just over 50 individuals and yet to achieve profitability, the company may pursue an additional funding round prior to its market launch.

To date, tZero has raised about $200 million, with the Intercontinental Exchange (ICE), known as the parent company of the New York Stock Exchange, among its supporters.

The firm believes that its upcoming public listing reflects a conviction that tokenization will revolutionize capital markets, facilitating faster, more transparent, and global transactions.

Tokenization is the process of transforming real-world assets—such as stocks, real estate, or currencies—into digital tokens on a blockchain that can be traded continuously.

Recent research from Animoca Brands, a Web3 digital property firm, suggests that tokenizing RWAs could unlock a colossal $400 trillion market within traditional finance.

According to researchers Andrew Ho and Ming Ruan from Animoca, the realm of private credit, treasury debts, commodities, stocks, alternative funds, and bonds presents an expansive field for growth.

“The estimated $400 trillion addressable TradFi market underscores the potential growth runway for RWA tokenization,” they noted.

Additionally, a report from Skynet reveals that the market for tokenized RWAs could expand to $16 trillion by 2030.

The Momentum of Crypto IPOs

In the last month, BitGo officially submitted its filing for an initial public offering, marking it as the first dedicated crypto custodian to seek a listing on a US stock exchange.

BitGo’s filing coincided with a revitalization of interest in crypto-related public offerings.

The digital asset sector has recently witnessed several significant public listings. The stablecoin provider Circle made headlines with its IPO in June, seeing its valuation rise more than sevenfold since becoming public.

Online trading platform eToro, which provides crypto trading options, also made its market debut in May.

Moreover, Galaxy Digital, under the leadership of Mike Novogratz, transitioned its listing from the Toronto Stock Exchange to Nasdaq earlier this year.

Gemini, the exchange co-founded by the Winklevoss twins, filed confidentially for a U.S. IPO in June, indicating robust market confidence in the potential of crypto exchanges to go public.

Recently, Figure Technology Solutions Inc., a lending platform focused on blockchain, raised $787.5 million during its IPO. Based in San Francisco, the company, backed by prominent investors including Ribbit Capital, sold 31.5 million shares at $25 each, placing a valuation on the firm at approximately $5.3 billion.

Originally aiming for a lower share count and price, Figure revised these figures upwards just days before its listing, signifying strong interest from investors.