TXSE Group, the parent company of the Texas Stock Exchange, announced it has raised more than $250 million following the completion of its second-round financing. The funding comes as the company prepares to launch the Texas Stock Exchange (TXSE) in the first quarter of 2026.
J.P. Morgan has made a strategic equity investment in TXSE Group, joining a group of major institutional investors that includes BlackRock, Charles Schwab, and Citadel Securities. As part of the investment, J.P. Morgan will take an observer seat on TXSE Group’s board of directors.
The latest capital raise strengthens TXSE Group’s financial position and broadens its institutional support as it seeks to introduce greater competition and transparency to the U.S. capital markets. The company aims to make Texas a significant financial hub through its upcoming exchange, which has recently become the most well-capitalized equities exchange to receive U.S. Securities and Exchange Commission approval.
TXSE’s investor base now includes four of the most influential pillars of the U.S. financial system. BlackRock manages $13.5 trillion in assets, Charles Schwab oversees $11.6 trillion in client assets and accounts for over half of U.S. equity retail order flow, and Citadel Securities executes more than one in four shares traded in the U.S.
In total, 82 financial institutions and business leaders hold equity in TXSE Group. Among them are individuals and entities that control or influence companies with a combined market capitalization exceeding $2 trillion, seven of the ten largest liquidity providers representing more than 70% of total U.S. equity order flow, and several of the world’s largest exchange-traded product sponsors representing 898 ETPs with a combined $8.5 trillion in assets—two-thirds of the total U.S. ETP market.
TXSE will begin trading operations in early 2026, with plans to list exchange-traded products and corporate issues later in the year. TXSE Group also owns Oculon Intelligence, a security-first, AI-native SaaS platform offering market intelligence, execution analytics, and regulatory reporting insights across equities and options.
KEY QUOTES:
“Our strong capital position validates our mission to bring increased competition to the U.S. capital markets. 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.”
James H Lee, Founder and CEO of TXSE Group
