Texas Stock Exchange Launch Gains Support from BlackRock and Citadel
A recent report reveals that financial giants BlackRock and Citadel Securities are backing the development of a new stock exchange in Texas.
Known as the Texas Stock Exchange (TXSE), the venture has already secured $120 million in funding and plans to file registration statements with the SEC later this year.
If successful, the TXSE could provide another avenue for crypto companies seeking to go public. While some crypto firms are already listed on exchanges like Nasdaq, the TXSE aims to attract ETF listings, particularly in the wake of recent regulatory approval for spot Ether ETFs in the US.
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The emergence of a new stock exchange could also benefit investors by increasing competition in the market, potentially leading to lower fees for companies. This development may make it easier for crypto-related businesses, such as Bitcoin miners, to enter the public market.
Overall, this news reflects the growing interest in crypto-related investments and the evolving landscape of traditional financial markets.
Alexander Stefanov
Reporter at CoinsPress
Alex is an experienced finance journalist and a cryptocurrency and blockchain enthusiast. With over five years of experience covering the industry, he deeply understands the complex and constantly evolving world of digital assets. His insightful and thought-provoking articles provide readers with a clear picture of the latest developments and trends in the market. His passionate approach allows him to break down complex ideas into accessible and insightful content. Follow up on his content to be up to date with the most important trends and topics - stay ahead of the curve with CoinsPress.
