tZERO plans IPO to expand tokenized asset platform

Blockchain infrastructure firm tZERO aims for a public listing to scale its regulated platform for tokenized securities and real-world assets

by Blockworks /

October 27, 2025 09:27 am

52Ps.Studio/Shutterstock and Adobe modified by Blockworks

tZERO Group, Inc. announced plans to pursue an initial public offering, signaling its intent to expand its blockchain-powered platform for tokenized securities and real-world assets.

Chief Executive Officer Alan Konevsky said the IPO would mark tZERO’s next step in building “regulated infrastructure for digital assets” through its U.S.-based broker-dealer platform. The proposed listing is subject to regulatory approval and market conditions.

He told Bloomberg that the company is also mulling a pre-IPO fundraising round and that it’s not currently profitable.

Newsletter

Subscribe to The Breakdown

The firm’s ecosystem integrates the issuance, trading, and settlement of tokenized securities, aiming to create transparency and scalability across asset classes — from private equity to real estate and derivatives.

tZERO’s move comes as tokenization gains momentum among traditional finance players, with institutions exploring blockchain rails for efficiency and liquidity.

Its largest shareholder, Bed Bath & Beyond Executive Chairman Marcus Lemonis, praised the company’s strategy to “democratize access” to tokenized assets.

The IPO could reinforce tZERO’s position in the regulated segment of digital markets, distinguishing it from decentralized exchanges that face heightened scrutiny under the U.S. Securities and Exchange Commission’s (SEC) evolving framework for crypto assets.

This is a developing story.

This article was generated with the assistance of AI and reviewed by editor Michael McSweeney before publication.

Get the news in your inbox. Explore Blockworks newsletters:

The Breakdown: Decoding crypto and the markets. Daily.
0xResearch: Alpha in your inbox. Think like an analyst.

Tags

Newsletter

The Breakdown

Decoding crypto and the markets. Daily, with Byron Gilliam.

Upcoming Events

Digital Asset Summit 2026

Javits Center North | 445 11th Ave

Tues - Thurs, March 24 - 26, 2026

Blockworks’ Digital Asset Summit (DAS) will feature conversations between the builders, allocators, and legislators who will shape the trajectory of the digital asset ecosystem in the US and abroad.

buy tickets learn more

recent research

Research

ERC 8004: Introducing Trust for AI Agents

ERC 8004 introduces a new trust layer for AI agents by standardizing onchain identity, reputation, and validation. As agents begin handling capital and coordinating autonomously, trust becomes the key constraint to broader adoption. The rollout mirrors the early x402 narrative, where adoption lagged the initial launch until major integrations and a viral use case pulled attention into the ecosystem. If ERC 8004 follows a similar path, downstream infrastructure tied to the standard could see outsized benefit as the narrative gains traction. The primary beneficiaries are likely to be agent frameworks and launchpads at the distribution layer, agent to agent coordination platforms that enable delegation and payments, and validation providers that offer stronger security and execution guarantees.

by Kunal Doshi