tZERO Appoints AI Innovator Shobhit Khandelwal to Board of Directors

tZERO Group, Inc., a leading innovator in blockchain-powered multi-asset infrastructure, has appointed Shobhit Khandelwal to its Board of Directors. Khandelwal brings deep expertise in technology strategy, distributed systems, and applied artificial intelligence to tZERO's board as the company works to deliver on its reset of strategic priorities and objectives following the appointment of Alan Konevsky as its Chief Executive Officer.

As founder and CEO of ShyftLabs, a global data and AI product company, and Carter, a privacy-first retail media platform, Khandelwal has built and scaled advanced analytics solutions for enterprises across retail, government, and healthcare. He has extensive experience working with tZERO's investors and partners, including Bed Bath & Beyond, Inc. His appointment signals tZERO's intensified focus on integrating cutting-edge technologies into its financial infrastructure platform.

Shobhit's appointment is key as we evolve tZERO's technology stack and expand our multi-asset digital infrastructure in the US and globally, said Alan Konevsky, CEO of tZERO. His fluency with disciplines central to building compliant, high-performance marketplaces and experience integrating AI and data-driven automation into regulated environments will help us transform, scale and deepen collaboration with our shareholders and strategic partners.

Khandelwal's addition to the board reinforces tZERO's focus on bridging blockchain innovation, regulatory integrity, and technical excellence. He will provide guidance on how emerging technologies including AI, data interoperability, and tokenization frameworks can further enhance tZERO's product roadmap and global reach. This strategic move comes at a critical juncture for the digital assets industry as institutions increasingly seek regulated, compliant infrastructure for tokenized assets.

Having someone with Shobhit's technical depth and product vision on our board adds tremendous value at this inflection point for tZERO, said Matt Mosman, Chairman of the Board of tZERO and Partner at Pelion Venture Partners. His experience scaling data-driven organizations will help guide tZERO as it continues building the institutional infrastructure to support tokenized assets and other on-chain financial products.

We're pleased to welcome Shobhit to tZERO's board, said Marcus Lemonis, Executive Chairman and Principal Executive Officer of Bed Bath & Beyond, Inc., tZERO's largest investor. Having worked with him previously, I know that his expertise, maturity, and focus, including in scalable architectures, and emerging technologies will bring a valuable new dimension to the board as tZERO continues to innovate across the digital asset landscape.

Khandelwal holds a degree from Columbia University and has held leadership roles at Citigroup, Walmart, and Jet.com, where he specialized in embedding intelligence and automation into enterprise operations. His background in both traditional financial services and emerging technology sectors positions him uniquely to help navigate the complex regulatory landscape surrounding digital assets while driving innovation.

tZERO is a pioneer in blockchain and tokenization for capital markets, providing institutional-grade technology and a regulated marketplace for the issuance, trading, and settlement of digital securities and other real-world assets. By combining compliance, security, and automation, tZERO is redefining how private capital is raised, traded, and owned in the digital age. The company operates through its broker-dealer subsidiaries, including tZERO Digital Asset Securities, LLC, which is registered with the SEC and a member of FINRA and SIPC. More information about tZERO Digital Asset Securities may be found on FINRA's BrokerCheck.

This board appointment reflects the growing maturation of the digital assets industry as established financial technology companies seek to integrate artificial intelligence and advanced data analytics into their platforms. The move positions tZERO to better serve institutional clients seeking compliant, scalable solutions for digital asset trading and tokenization while addressing the complex regulatory requirements governing these emerging financial instruments.