tZero Plans 2026 IPO as Crypto Public Listings Accelerate

Overview

New York–based blockchain infrastructure company tZero is gearing up for a U.S. initial public offering (IPO) in 2026, marking a major milestone for the fast-growing world of tokenized securities and regulated blockchain finance.

The move highlights the increasing demand for real-world asset (RWA) tokenization, a trend reshaping global capital markets by blending traditional finance with blockchain technology.

Key Highlights

tZero aims for a 2026 U.S. IPO, capitalizing on the rising demand for regulated digital securities.
CEO Alan Konevsky confirmed discussions with banking partners and hinted at a new funding round ahead of the company’s public debut.
Analysts project the RWA tokenization market could reach $16 trillion by 2030, potentially unlocking a $400 trillion traditional finance opportunity.
Founded in 2014, tZero provides platforms that enable firms to raise capital and trade tokenized assets under U.S. securities laws.
The IPO plan underscores tZero’s confidence that tokenization will transform capital markets through faster, more transparent, and borderless transactions.

tZero’s Road to IPO

CEO Alan Konevsky told Bloomberg that tZero is in talks with several banks to determine an underwriter for its IPO. The company, which employs just over 50 people, is also exploring an additional funding round before its market debut.

So far, tZero has raised around $200 million, with major backers including Intercontinental Exchange (ICE) — the parent company of the New York Stock Exchange (NYSE). Despite not yet turning a profit, tZero continues to invest in expanding its regulated blockchain infrastructure.

Tokenization: The Next Big Market Opportunity

Tokenization is the process of converting real-world assets such as stocks, real estate, debt, or commodities into digital tokens that can trade on blockchain networks 24/7.

Research from Animoca Brands suggests tokenization could unlock a $400 trillion traditional finance market, encompassing private credit, treasury debt, and alternative funds. According to the 2025 Skynet RWA Security Report, the tokenized RWA market could hit $16 trillion by 2030, highlighting the massive growth potential of blockchain-based finance.

Crypto IPO Momentum Grows

tZero’s IPO plans come amid a surge of crypto-related public listings in 2025.

BitGo, a leading crypto custodian, recently filed for a U.S. IPO.
Circle, issuer of the USDC stablecoin, went public in June and saw its valuation soar sevenfold post-listing.
eToro, the social-trading platform offering crypto trading, debuted in May.
Galaxy Digital, led by Mike Novogratz, shifted its listing from Toronto to Nasdaq earlier this year.
Gemini, founded by the Winklevoss twins, confidentially filed for a U.S. IPO in June.
Figure Technology Solutions, a blockchain-based lending firm, raised $787.5 million in its IPO, valuing the company at $5.3 billion after strong investor demand.

These listings demonstrate the growing investor appetite for blockchain-powered financial companies and highlight the sector’s transition into mainstream markets.

tZero’s Strategic Importance

tZero’s upcoming IPO represents a milestone for the tokenization and blockchain finance industry — showcasing one of the first companies built entirely around regulated digital securities entering the public markets.

The listing is expected to boost awareness of asset tokenization and provide investors a new opportunity to participate in the real-world asset (RWA) infrastructure ecosystem.

However, the company’s long-term success will hinge on several factors — including regulatory clarity, its ability to scale tokenization technology, the market’s readiness for blockchain-based securities, and investor sentiment toward crypto-related IPOs.

Conclusion

As the tokenization revolution gains momentum, tZero’s planned 2026 IPO could serve as a turning point for blockchain-based capital markets. If successful, it would not only validate the regulated tokenized securities model but also pave the way for broader adoption of blockchain technology in mainstream finance.