Texas Securities Exchange Seeks Approval For 2026 Launch

According to BlockBeats, the parent company of the Texas Securities Exchange (TXSE) announced on Friday that it has filed documents to operate as a national securities exchange, with plans to launch in 2026. The company is seeking approval from the U.S. Securities and Exchange Commission by the end of the year. The proposed exchange aims to reverse the declining number of listed companies and address the high costs associated with listing and maintaining a presence on the exchange. In conjunction with the application, the exchange revealed it has secured $161 million in funding from over 40 investors. Notable contributors include major corporations such as BlackRock, Citadel Securities, Charles Schwab, and Jump Trading, which are prominent market makers and trading firms in the United States.