Nate Geraci’s Insights on Texas Stock Exchange

Nate Geraci, the president of the ETF Store, has asserted a close collaboration between the crypto industry and the forthcoming Texas Stock Exchange (TXSE).

The TXSE filed paperwork with the US Securities and Exchange Commission (SEC) in January and plans a market debut in 2026. The stock exchange aims to disrupt the duopoly of the two New York-based platforms, the NYSE and Nasdaq.

Interestingly, Geraci mentioned in a tweet today that the TXSE would leverage the emerging crypto industry to gain instant relevance upon its debut. As a result, he anticipates a “highly” crypto-friendly stance from the Dallas, Texas-based exchange.

A Crypto-Friendlier Stock Exchange

While the Nasdaq and NYSE have grown to support the crypto industry, their regulatory capture remains a significant factor influencing their stance towards the sector. In contrast, with the shifting regulatory climate in the United States, Geraci expects the soon-to-be-launched TXSE to fully embrace digital assets.

Moreover, the TXSE has raised over $160 million from Wall Street heavyweights like BlackRock, Citadel, and Schwab, who are core supporters of crypto. The president of the ETF Store highlighted that the backing from these pro-Bitcoin firms would enhance their value proposition to favor crypto innovations.

Furthermore, BlackRock’s involvement could indicate a focus on securities tokenization. The largest asset manager in the world by assets under management (AUM) has shown interest in stocks and bonds tokenization. Geraci predicts it could leverage the TXSE’s innovative features to full effect.

The TXSE Eyes ETFs

Meanwhile, the TXSE’s latest endeavor seems to focus on the $11 trillion US exchange-traded fund (ETF) market. The exchange has hired senior ETF executives from the Chicago Board Options Exchange (CBOE) and Nasdaq.

It announced the hiring of Robert Marrocco as the global head of ETPs from CBOE and Alison Hennessy as the managing director of ETPs from Nasdaq. This hiring highlights the TXSE’s interest in the investment vehicle and its readiness to compete with these exchange heavyweights.