The Texas Stock Exchange unveiled its advertising campaign in August. Billboards and ads are now across D-FW. Rendering: Courtesy of TXSE
The Texas Stock Exchange is closer to launching next year after raising more than $250 million in capital in its second round of funding.
The latest: TXSE also announced Friday that J.P. Morgan provided an equity investment, adding to the list of financial institutions backing the Dallas-based stock exchange.
BlackRock, Citadel Securities and Charles Schwab Corp. have already invested in the exchange.
What they're saying: TXSE CEO James Lee called the investors the type of "institutional pillars that you want under a stock exchange."
"J.P. Morgan joining us is a big step. It's another institutional validation of what we're doing, and it's also a reflection of how strategic the state of Texas is globally," Lee said at a Dallas Citizens Council luncheon Friday.
What we're watching: Whether TXSE launches in the first quarter of 2026.
Dallas is already home to NYSE Texas and a new regional headquarters for Nasdaq.
