tZERO Appoints Shobhit Khandelwal to Board of Directors, Strengthening Focus on AI and Blockchain Integration

tZERO Group, Inc., a blockchain-powered multi-asset infrastructure company, announced the appointment of Shobhit Khandelwal to its Board of Directors. Khandelwal brings 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 following Alan Konevsky's appointment as 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 sectors. His extensive experience includes working with tZERO's investors and partners, including Bed Bath & Beyond, Inc.

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. 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.

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. Marcus Lemonis, Executive Chairman and Principal Executive Officer of Bed Bath & Beyond, Inc., tZERO's largest investor, noted Khandelwal's previous collaborative experience. 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. tZERO provides institutional-grade technology and a regulated marketplace for the issuance, trading, and settlement of digital securities and other real-world assets. For more information, please visit their website at https://www.tzero.com.