The New Wall Street is in Dallas.....🍎 | Business Wednesday

The Texas Stock Exchange (TXSE) has officially been approved by the SEC. It’s based in Dallas. And it’s gunning for the big leagues — aiming to list the very companies that would’ve otherwise headed to Wall Street.

Backed by deep pockets — think BlackRock and Citadel Securities — and designed for a new class of founders and funds, TXSE is setting up a credible third pillar alongside NYSE and Nasdaq.

If you’re building, investing, or planning a move, this is one of the most important shifts in U.S. capital markets in decades. Here’s what’s happening, what it means, and what you should do about it.

In late 2025, the U.S. Securities and Exchange Commission (SEC) approved the Texas Stock Exchange (TXSE) as a fully regulated national exchange. The plan:

The TXSE isn’t just offering another listing venue. It’s offering a reorientation: one where founders don’t need to kiss the ring in New York, and where the capital markets infrastructure comes to them.

The implications go way beyond Dallas.

TXSE is a hard break from the NY-NJ financial axis. It says: your company doesn’t have to be within walking distance of Wall Street to go public. You can be in Dallas. Or Houston. Or Miami. Or even Tulsa.

This levels the playing field for companies based in the South, Midwest, and Mountain West. And it gives new leverage to regions that have historically had to “play coastal” to raise capital.

TXSE gives founders more optionality. Right now, listing on NYSE or Nasdaq means navigating the same bureaucracy, the same fee structures, the same cultural overhead.

A Texas-based exchange — built with a different speed and cost profile — could be more aligned with mid-cap, growth-stage, or capital-efficient companies that don’t want to chase the valuation treadmill.

If TXSE executes, it could mean:

Think about what comes with an exchange:

You don’t need to build in Dallas to benefit. But you should be watching what’s clustering there — because that’s where the opportunities (and exits) will start flowing.

TXSE isn’t just a 5-year trend. There are near-term plays unfolding now.

If you’re a founder or investor in the South, the listing pathway just got easier. Founders in energy, real estate, fintech, logistics, and manufacturing now have a public option that’s in their backyard.

If TXSE lands even one high-profile IPO or dual listing in 2026, it validates the whole model.

Founders and CFOs already operating in pro-growth states will seriously consider moving HQs or scaling ops in Texas. That’s a tailwind for real estate, hiring, and service sectors in Dallas–Fort Worth — and maybe Houston, Austin, or San Antonio too.

Early TXSE-listed companies will have differentiation. You’ll be able to market around it. And investors will be tracking which mid-cap and growth-stage firms move first — because it signals ambition, culture, and possibly a more favorable cap structure.

If you’re building a platform that serves cap tables, compliance, or investor communications — TXSE gives you a reason to focus on Texas-based customers. The lawyers, CFOs, IR pros, and fintech enablers are coming.

Being in the room early means you’ll have real GTM advantage.

Here’s your Texas Stock Exchange checklist for the next 6–12 months:

If you’re building or investing and still think the public markets live and die in New York, you’re looking in the rearview mirror. The next great American exchange is being built in Dallas — and it’s being built for founders who want to go public on their own terms.

Whether you choose to list there or not, TXSE will shape the next decade of deal flow, exits, and capital access.

If you’re smart, you’ll start positioning now.

→Try Club Intelligence — Real-time macro-to-metro signal tracking.

Make your next move count.

Stacy
Founder, CEO - Smart Movers Club
P.S. Every member’s at a different stage. Book a quick call and I’ll help you figure out which path makes the most sense for you.

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