tZERO Raises Funding to Expand Infrastructure for Tokenized Assets

TL;DR

• tZERO closed a new funding round led by Marc and Max Cohodes, with participation from Intercontinental Exchange and other investors.
• The round will support the company’s long-term capital plan, as it advances toward a strategic transaction to achieve financial independence.
• Planned uses include expansion into tokenized derivatives, prediction markets and crypto infrastructure under CFTC licenses.

tZERO, a leader in blockchain-based financial infrastructure, announced the closing of a new funding round led by Marc and Max Cohodes, with participation from Intercontinental Exchange (NYSE: ICE), Bill Fleckenstein, the firm Dinari, Inc. and other investors.

Neighborhood Intelligence also committed its participation, though conditioned on the announcement of a binding agreement related to a strategic transaction, such as a change of control, an asset sale or a merger with a SPAC or other entity.

@tZERO has announced a new funding round led by existing investors Marc and Max Cohodes, with participation from @ICE_Markets, investor Bill Fleckenstein, partner @DinariGlobal, and others. Neighborhood Intelligence also committed to support the financing round with its portion…

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