BlockBeats News, February 1st, the parent company of the Texas Securities Exchange (TXSE) in the United States said on Friday that the exchange has submitted a filing to operate as a national securities exchange, planning to launch in 2026. The company hopes the U.S. Securities and Exchange Commission will approve the application by the end of the year. The proposed exchange stated that it aims to reverse the trend of decreasing the number of listed companies and address the high cost of listing and staying on an exchange.
At the same time as submitting the application, the exchange stated that it has raised $161 million from over 40 investors. These include corporate giants like BlackRock (BLK.N), U.S. major market makers and trading firms such as Citadel Securities, Charles Schwab (SCHW.N), and Jump Trading.
