tZero plans 2026 IPO as crypto firms rush to go public
TZero Group, a New York–based blockchain infrastructure company specializing in tokenized securities and real-world assets, has announced plans to go public in 2026.
The company on Monday disclosed plans for an initial public offering (IPO) in the United States. Founded in 2014, tZero helps companies raise capital and trade securities on blockchain-based platforms under US securities laws, including private offerings.
CEO Alan Konevsky told Bloomberg that tZero is in talks with several banks but hasn’t chosen an underwriter. He said tZero, which employs just over 50 people and isn’t yet profitable, may also pursue an additional funding round ahead of the listing.
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Tokenization is the process of turning real-world assets — such as fiat currencies, stocks and real estate — into digital tokens on a blockchain, enabling them to be traded 24/7 online.
The public offering, according to tZero, reflects a view that asset tokenization will play a central role in making capital formation and cross-border transactions more efficient.
The company, which also lists its tokenized shares, has raised about $200 million, according to Konevsky. Intercontinental Exchange, owner of the New York Stock Exchange (NYSE), is a tZero investor.
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Crypto IPO wave builds
Greater regulatory clarity in the United States, including the passage of the GENIUS Act in July, and the pro-crypto stance of the Trump administration, has encouraged more crypto companies to go public or prepare for public listings.
Stablecoin issuer Circle debuted on the NYSE in June with an upsized IPO of over $1.05 billion. The stock soared 167% on its first day of trading.
Bullish, the crypto exchange and parent company of CoinDesk, also went public on the NYSE in August.
Another crypto company that went public this year is Gemini. The exchange founded by Cameron and Tyler Winklevoss made its trading debut on the Nasdaq in September after upping its IPO valuation a few days earlier.
In addition, Kraken is reportedly pursuing a 2026 listing. The company raised $500 million in September at a $15 billion valuation, amid growing IPO speculation for 2026.
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