tZero Eyes 2026 IPO Amid Crypto Public Listings Boom

tZero Group, a New York-based blockchain infrastructure firm, is gearing up for a U.S. IPO in 2026, capitalizing on the surge in tokenized securities and regulated blockchain finance.

tZero’s Background and Strategy

Founded in 2014, tZero specializes in tokenized securities and real-world assets (RWAs), enabling capital raises and trading under U.S. laws. With over 50 employees and $200 million in funding, including backing from Intercontinental Exchange (NYSE parent), tZero bridges traditional finance with blockchain. It has yet to turn profitable but focuses on scalable platforms for RWAs like stocks and real estate.

CEO Alan Konevsky confirmed discussions with banks for underwriting and hinted at a new funding round pre-IPO. “We’re positioning for a market where tokenization reshapes capital flows,” Konevsky told Bloomberg.

Key Takeaways

• tZero targets 2026 IPO to tap rising RWA demand.
• Funding talks aim to strengthen balance sheet.
• Tokenization unlocks $400 trillion TradFi potential, per Animoca Brands.
• RWA market projected at $16 trillion by 2030.

Market Projections for RWAs

Animoca Brands estimates tokenization could access $400 trillion in traditional markets, including private credit, treasuries, commodities, stocks, funds, and bonds. The 2025 Skynet RWA Security Report forecasts $16 trillion by 2030, driven by 24/7 trading and transparency.

Implications for Crypto IPOs

tZero’s plans join a wave of crypto listings: BitGo filed for IPO as the first crypto custodian; Circle’s June debut surged 7x; eToro listed in May; Galaxy Digital shifted to Nasdaq; Gemini confidentially filed in June; Figure raised $787.5 million at $5.3 billion valuation.

This momentum reflects confidence in crypto’s maturation, potentially unlocking $50 billion in inflows for DeFi’s $150 billion+ TVL.

In summary, tZero’s 2026 IPO signals blockchain’s mainstream ascent, blending RWAs with public markets for 2025’s financial evolution.