Marketplace for performance-related digital assets targets listing in second half of 2026; public launch planned for May 1, 2026
/PRNewswire/ — TheSportExchange (“TSE”), operating in Europe as TSE Marketplace Ltd. announced today that it will seek a direct listing of its common shares on the Nasdaq or the New York Stock Exchange. The company is targeting a listing in the second half of 2026, subject to market conditions and regulatory review. Chardan has been engaged as financial advisor in connection with the proposed direct listing. With increasing institutional interest in sports-related investment opportunities, TSE believes now is the right time to access capital markets.
Building a performance-based marketplace for global sport
TSE has developed a digital marketplace that enables participants to purchase and trade performance-related digital assets (“Keys”) tied to professional sports teams and league standings. Asset pricing is based on verified performance data from gaming operations and real-time market demand. This creates a structured, transparent framework in which sporting performance becomes a continually tracked and tradable benchmark, rather than being tied to a binary outcome.
Public launch planned for May 1, 2026
TSE is currently in a limited, invitation-only phase supporting structured onboarding prior to full commercial release.
The public launch of the platform is scheduled for May 1, 2026. With launch, World Cup Team Keys will be the first globally available assets on the marketplace.
Technology infrastructure
TSE is built on PandaSea Mainnet, a Layer 1 blockchain developed by PandaSea Inc. designed for high throughput, deterministic settlement and on-chain transparency in global sports markets. PANDA is the native gas token of the PandaSea mainnet.
TSE maintains an inventory of PANDA tokens as part of its operational infrastructure, ensuring liquidity for network operations and transaction processing. Under PandaSea’s network protocol, 0.56% of the transaction volume settled over the network is used for open market PANDA buybacks. Further details regarding TSE’s PANDA holdings and its economic relationship with PandaSea Inc. are set forth in TSE’s registration statement.
Management comment
Steve van Zutphen, founder and managing director of TheSportExchange, explained:
“For the first time, sports fans around the world can share in the performance of the teams they love on a platform designed to turn fan engagement into new opportunities for the entire sports ecosystem.”
Information about TheSportExchange
TheSportExchange is a performance-related digital asset marketplace that allows participants to trade keys tied to the performance of professional sports teams and league standings, based on PandaSea Mainnet. For more information, visit thesportexchange.com.
About PandaSea Inc.
PandaSea Inc. is a technology company incorporated under the laws of the State of Delaware that develops blockchain infrastructure for institutional needs. PandaSea Mainnet is a Layer 1 Avalanche subnet, and PANDA is the native gas token. PandaSea’s network protocol uses 0.56% of transaction volume for PANDA open market repurchases. For more information, visit pandasea.io.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the proposed direct listing, expected timing, market expansion and platform launch. Such statements are subject to risks and uncertainties that could cause actual results to differ materially, including market conditions, regulatory developments, risks associated with blockchain infrastructure, competition and other factors. The Company undertakes no obligation to update these statements, except as required by law. This communication does not constitute an offer to sell or a solicitation of an offer to buy any securities. Such offer will be made only by means of a prospectus filed with and declared effective by the Securities and Exchange Commission.
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