The New York Stock Exchange announced plans Wednesday to establish a presence in Texas, marking a shift in America’s financial landscape as major companies increasingly gravitate toward the Lone Star State.
NYSE Chicago will reincorporate as NYSE Texas, offering companies a new venue to list their securities in Dallas. The state currently hosts the largest number of NYSE listings, representing over $3.7 trillion in market value.
“We are delighted to expand our presence in the Lone Star State, which plays a key role in driving our U.S. economy forward,” Lynn Martin, NYSE Group president, said in a statement.
Don't Miss:
- BlackRock is calling 2025 the year of alternative assets. One firm from NYC has quietly built a group of 60,000+ investors who have all joined in on an alt asset class previously exclusive to billionaires like Bezos and Gates.
- Maker of the $60,000 foldable home has 3 factory buildings, 600+ houses built, and big plans to solve housing — you can become an investor for $0.80 per share today.
The move comes as Texas emerges as a potential rival to traditional financial centers. TXSE Group recently filed registration papers for the Texas Stock Exchange with the Securities and Exchange Commission, having raised $161 million for a planned 2026 launch.
Texas Gov. Greg Abbott previously told CNBC that environmental, social, and governance rules drove interest in a Texas-based exchange. “We need to make sure that Texas companies, and companies similarly situated, are not going to be cut off from capital markets in New York with policy decisions made from the left in places like New York,” Abbott said.
- Massive Demand & Disruptive Potential – Boxabl has received interest for over 190,000 homes, positioning itself as a major disruptor in the housing market.
- Revolutionary Manufacturing Approach – Inspired by Henry Ford’s assembly line, Boxabl’s foldable tiny homes are designed for high-efficiency production, making homeownership more accessible.
- Affordable Investment Opportunity – With homes priced at $60,000, Boxabl is raising $1 billion to scale production, offering investors a chance to own a stake in its growth.
The state has already attracted major corporations. Tesla TSLA reincorporated in Texas following a Delaware court battle over CEO Elon Musk‘s compensation package.
Trending: Over the last five years, the price of gold has increased by approximately 83% — Investors like Bill O’Reilly and Rudy Giuliani are using this platform to create customized gold IRAs to help shield their savings from inflation and economic turbulence.
Both exchanges will operate electronically, reflecting modern trading practices where stocks trade across multiple venues regardless of their primary listing location.
The Texas Stock Exchange, backed by financial giants including BlackRock BLK, Citadel Securities and Charles Schwab SCHW, welcomes the competition. “We have known all along that Texas is the best place to do business,” a TXSE spokesperson told Reuters. “The Texas Stock Exchange is harnessing this momentum to build a national securities exchange in our home state,.” the spokesperson added.
Texas’s expanding financial footprint extends beyond exchanges. The Wall Street Journal reported last month, following a broader trend of companies seeking alternatives to Delaware incorporation.
Abbott views the moves as cementing Texas’s position “as an economic powerhouse on the global stage.”
Read Next:
- ‘Scrolling To UBI' — Deloitte's #1 fastest-growing software company allows users to earn money on their phones. You can invest today for just $0.26/share with a $1000 minimum.
- It’s no wonder Jeff Bezos holds over $250 million in art — this alternative asset has outpaced the S&P 500 since 1995, delivering an average annual return of 11.4%. Here’s how everyday investors are getting started.
Edge Rankings
Price Trend
© 2025 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
