ME News reports that on September 14 (UTC+8), blockchain financial infrastructure company tZERO completed a new funding round, with the amount undisclosed. The round was led by Marc and Max Cohodes, with participation from Intercontinental Exchange (ICE), Bill Fleckenstein, and partner Dinari. tZERO stated that this financing is part of its long-term capital strategy and will support the expansion of its tokenized securities Infrastructure-as-a-Service (IaaS) business, as well as advance the company’s transition to independent operations. The company plans to extend its services to tokenized derivatives, prediction markets, and spot crypto infrastructure solutions, and is currently applying for relevant CFTC licenses. Previously, Foresight News reported that Intercontinental Exchange (ICE) agreed to participate in tZERO’s latest funding round and, as part of its investment, received a license to use tZERO’s blockchain patent portfolio for the development of ICE’s New York Stock Exchange-affiliated tokenized securities platform (Digital Trading Platform) and other potential use cases. (Source: Foresight News)
tZERO Completes New Funding Round Led by Marc and Max Cohodes
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Summary
tZERO has completed a new funding round led by Marc and Max Cohodes, with undisclosed funding amounts and participation from ICE, Bill Fleckenstein, and Dinari. The company aims to expand its tokenized securities IaaS business and transition to independent operations. tZERO is exploring tokenized derivatives, prediction markets, and spot crypto services while applying for CFTC licenses. ICE has also secured a license to use tZERO’s blockchain patents for its Digital Trading Platform. This move comes amid shifting market sentiment, with the Fear & Greed Index showing mixed signals for crypto investors.
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