TXSE Group, the parent company of the Texas Stock Exchange, has raised $155 million in its third funding round, bringing its total capital raised to $430 million. More than 75% of the latest round came from existing investors, including major financial institutions such as BlackRock, JPMorgan Chase, Charles Schwab, Goldman Sachs, Citadel Securities and Bank of America.
The fundraising comes roughly a year after the U.S. Securities and Exchange Commission approved TXSE to operate as a national securities exchange. TXSE began production trading in July 2026 and is now moving into its next phase of securing corporate listings.
The Dallas-based exchange is positioning itself as a third major U.S. equities exchange, challenging the long-standing dominance of the NYSE and Nasdaq. Its first corporate listings are now being onboarded, with Dillard's scheduled to begin its primary listing on October 5, while CECO Environmental is expected to transfer its common stock on October 19. Charles Schwab is also set to begin a dual listing on TXSE.
TXSE has already attracted several companies moving their primary listings from the NYSE. Energy Transfer, USA Compression Partners and Sunoco announced transfers that collectively represent nearly $100 billion in market capitalization.
Why it matters: The $430 million capital base gives TXSE significant financial backing as it attempts to establish itself as a credible alternative to America's two dominant stock exchanges. Its ability to attract more major listings and build sufficient trading liquidity will be key to its long-term growth.