JPMorgan Chase (JPM) made an equity investment in Texas Stock Exchange Group (“TXSE”) as part of the TXSE’s second-round capital raise ahead of its planned launch in Q1 2026, the company said on Friday.
As part of JPMorgan’s (JPM) investment, the bank will join TXSE Group’s board of directors as an observer. Combined with previous fundraising, TXSE has raised more than $250M.
Bloomberg News reported that the TXSE raised ~$90M from a group of investors in the latest capital raise. In September 2024, the company said it had raised $135M. The exchange had raised $120M in early 2024, with BlackRock (BLK) and Citadel Securities participating.
“Our strong capital position validates our mission to bring increased competition to the U.S. capital markets,” said James H Lee, founder and CEO of TXSE Group. “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.”
Charles Schwab (SCHW) is another prominent investor in the exchange. In total, 82 financial institutions and business leaders have invested in TXSE Group.