- TXSE also has backing of BlackRock, Charles Schwab, and Citadel Securities.
- Texas has actively attracted major corporations such as Tesla and SpaceX, which have relocated their headquarters to the state.
TXSE Group secured a strategic investment from Wall Street giant J.P. Morgan, adding to its growing list of high-profile backers as the Texas Stock Exchange prepares to launch in early 2026, Reuters reported. The company is already supported by BlackRock, Charles Schwab, and Citadel Securities, raising over $250 million in total.
Analysts say TXSE represents the first significant challenge to a market long dominated by the New York Stock Exchange and Nasdaq. By focusing on transparency and alignment with issuers, TXSE aims to attract firms seeking alternatives to the traditional hubs of New York.
“The Texas Stock Exchange’s focus on alignment and transparency for issuers will alter the trajectory of our public markets and help establish Texas as a new global leader in capital markets,” said TXSE Founder and CEO James Lee.
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Texas Seeks Financial Supremacy
The state has aggressively courted major corporations, including Tesla and SpaceX, which have relocated their headquarters to Texas. Nasdaq also announced plans to open a regional office in the state this year, while Intercontinental Exchange, the NYSE parent, revealed it will launch an exchange in Texas, heightening competition for listings.
TXSE now reportedly counts 82 financial institutions and business leaders as investors, including seven of the top 10 largest liquidity providers in the U.S., controlling over 70% of equity order flow.
Such backing is critical for a new exchange, as deep liquidity and strong trading volumes are essential for attracting listings and gaining credibility. J.P. Morgan will also take a seat as an observer on TXSE’s board, further cementing its influence on the company’s strategy ahead of its launch.
