BlackRock and Citadel Support New Texas National Stock Exchange

According to a June 4 Wall Street Journal report, the Texas Stock Exchange (TXSE) has reportedly already secured approximately $120 million in funding and plans to submit registration statements with the U.S. Securities and Exchange Commission (SEC) by the end of the year.

Another prospective alternative for crypto companies seeking to go public is the stock exchange of the pro-crypto state.

So far, the Nasdaq stock exchange has listed a small number of cryptocurrency firms, including the cryptocurrency exchange Coinbase (COIN) and significant Bitcoin mining firms Riot Platforms (RIOT) and Marathon Digital (MARA).

Nevertheless, the 11 spot Bitcoin exchange-traded funds (ETFs) that were certified starting in January 2011 are listed on both the Nasdaq and the New York Stock Exchange (NYSE). According to reports, the TXSE is focused on obtaining ETF listings.

Source: BLACKROCK