Tokenization infrastructure firm tZERO plans to go public via SPAC merger at a $350 million valuation.

tZERO, a digital securities and tokenization infrastructure company, plans to go public through a SPAC merger with FG Imperii Acquisition Corp. (FGII) at a pre-money valuation of $350 million, with access to up to $231 million in SPAC trust funds depending on shareholder redemptions and transaction fees. The combined company is expected to list on NYSE American in early 2027 under the ticker TZRO, pending shareholder and regulatory approvals. Founded in 2014, tZERO operates regulated subsidiaries offering digital securities trading, brokerage, custody, and transfer agency services. Intercontinental Exchange (ICE), the parent company of the New York Stock Exchange, is an investor in tZERO and has selected the firm to participate in designing NYSE's blockchain-based securities trading platform. The deal underscores growing institutional momentum behind tokenized securities infrastructure, with ICE's involvement a notable endorsement from traditional market operators. Watch for shareholder redemption rates, regulatory clearance progress, and further details on NYSE's blockchain trading platform initiative.