TXSE Group announced that it has closed its initial capital raise at $161 million, making it the most well-capitalized exchange to ever file a Form 1.
Its founding investors represent all major sectors in the markets: liquidity providers, retail and institutional investors, and business leaders from across the country, including BlackRock, Citadel Securities, Charles Schwab, among others. The exchange is considering additional financing to further accelerate its plans.
“The composition of our founding ownership was intentional and deliberate,” said James Lee, founder and CEO of TXSE Group, in a statement. “The market power of our investors reflects the depth of commitment to the success of this exchange, not just in the early years but over the next decade and beyond.”
TXSE Group announced that the Texas Stock Exchange has filed for registration with the US Securities and Exchange Commission (SEC), becoming one of the only “fully integrated exchanges” to file for SEC approval in the past 20 years. Its filing proposes trading, listings of corporate issuers and ETPs, auctions, and a range of data products.
TXSE’s goal is to provide greater alignment with issuers and investors and address the high cost of going and staying public. TXSE is also well underway in building an order matching engine that leverages the latest technology to deliver predictable performance, low latency, and speed comparable to that of the world’s top-performing markets.
TXSE will continue to work with the SEC on the approval of its registration. If granted, TXSE intends to launch trading in early 2026, with listings by the end of the same year.
“Today marks another milestone in our journey to make the Texas Stock Exchange a reality,” said Lee in a statement. “Our team of market veterans and experienced technologists is committed to our long-term vision of revitalizing competition for listings and enhancing trading in the US capital markets.”