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BlackRock and Citadel back new Texas national stock exchange

The world’s largest asset manager, BlackRock, and market maker Citadel Securities, have reportedly backed a firm in launching a new national stock exchange in Texas. The Texas Stock Exchange (TXSE) has reportedly already secured approximately $120 million in funding and intends to file registration statements with the U.S. Securities and Exchange Commission (SEC) towards the end of this year, according to a June 4 Wall Street Journal report. The pro-crypto state’s stock exchange could potentially be another alternative for crypto companies looking to go public. The news comes only weeks after the SEC gave the regulatory green light to spot ETH ETFs in the US.


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