tZERO Appoints Shobhit Khandelwal to Its Board of Directors

Technologist and AI innovator joins board to support tZERO’s recently announced strategic priorities and next phase of digital transformation

New York, NY – October 21, 2025 – tZERO Group, Inc., a leading innovator in blockchain-powered multi-asset infrastructure, today announced that Shobhit Khandelwal has been appointed 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 and has extensive experience 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.

“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.

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.

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Media Contact:

Julie Ros, Head of Marketing & Communications

jros@tzero.com

About tZERO

tZERO Group, Inc. (tZERO) and its broker-dealer subsidiaries provide an innovative liquidity platform for private companies and assets. We offer institutional-grade solutions for issuers looking to digitize their capital table through blockchain technology, and make such equity available for trading on an alternative trading system. tZERO, through its broker-dealer subsidiaries, democratizes access to private assets by providing a simple, automated, and efficient trading venue to broker-dealers, institutions, and investors. All technology services are offered through tZERO Technologies, LLC. For more information, please visit our website.

About tZERO Digital Asset Securities

tZERO Digital Asset Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. It is the broker-dealer custodian of all digital asset securities offered on tZERO’s online brokerage platform. It operates in accordance with the SEC’s statement, dated December 23, 2020, regarding the Custody of Digital Asset Securities by Special Purpose Broker-Dealers. Digital asset securities may not be “securities” as defined under the Securities Investor Protection Act (SIPA)-and in particular, digital asset securities that are “investment contracts” under the Howey test but are not registered with the Securities and Exchange Commission are excluded from SIPA’s definition of “securities”-and thus the protections afforded to securities customers under SIPA may not apply. More information about tZERO Digital Asset Securities may be found on FINRA’s BrokerCheck.

About tZERO Securities, LLC

tZERO Securities, LLC is a broker-dealer registered with the SEC and a member of FINRA and SIPC. It is the operator of the tZERO Securities ATS. More information about tZERO Securities may be found on FINRA’s BrokerCheck.

Investor Notice

Digital asset securities, as well as any particular investment, may not be suitable or appropriate for everyone. Investors should note that investing or trading in securities could involve substantial risks, including no guarantee of returns, costs associated with selling and purchasing, and no assurance of liquidity which could impact their price and investor’s ability to sell, and possible loss of principal invested. There is always the potential of losing money when you invest in securities. There are also unique risks specific to digital asset securities, including, without limitation, fraud, manipulation, theft, and loss.

No Offer, Solicitation, Investment Advice or Recommendations

This release is for informational purposes only and does not constitute an offer to sell, a solicitation to buy, or a recommendation for any security, nor does it constitute an offer to provide investment advisory or other services by tZERO or any of its affiliates, subsidiaries, officers, directors or employees. No reference to any specific security constitutes a recommendation to buy, sell, or hold that security or any other security. Nothing in this release shall be considered a solicitation or offer to buy or sell any security, future, option or other financial instrument or to offer or provide any investment advice or service to any person in any jurisdiction. Nothing contained in this release constitutes investment advice or offers any opinion with respect to the suitability of any security, and the views expressed in this release should not be taken as advice to buy, sell or hold any security. In preparing the information contained in this release, we have not taken into account the investment needs, objectives, and financial circumstances of any particular investor. This information has no regard to the specific investment objectives, financial situation, and particular needs of any specific recipient of this information and investments discussed may not be suitable for all investors. Any views expressed in this release by us were prepared based upon the information available to us at the time such views were written. Changed or additional information could cause such views to change. All information is subject to possible corrections. Information may quickly become unreliable for various reasons, including changes in market conditions or economic circumstances.

Forward-Looking Statements

This release contains forward-looking statements. In addition, from time to time, tZERO, its subsidiaries, or its representatives may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections about future events, which is derived from currently available information. Such forward-looking statements relate to future events or future performance, including financial performance and projections; growth in revenue and earnings; and business prospects and opportunities. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including, without limitation: the ability of tZERO and its subsidiaries to change the direction; tZERO’s ability to keep pace with new technology and changing market needs; performance of individual transactions; regulatory developments and matters; and competition. These and other factors may cause actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or their respective representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions. tZERO, its subsidiaries, and its representatives are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this release and other statements made from time to time by tZERO, its subsidiaries or its representatives might not occur.