Fintech Zanbato and Broker Dealer Rialto Markets Announce New Partnership

Private securities market pioneers, Rialto Markets and Zanbato, have entered into a new partnership in order to address the requirements of a fast-evolving investor sector.

Zanbato’s Alternative Trading System, ZX, reportedly supports some of the world’s largest membership of banking institutions, brokers and their wealth management groups “trading private company stock for their institutional and private wealth clients.”

Zanbato Chief Executive Nico Sand stated:

“We’re excited to welcome Rialto Markets to ZX’s membership and are thrilled they share our commitment to building more liquid and transparent private markets.”

Rialto Markets’ COO Joel Steinmetz said:

“Working with Zanbato is a great fit for both companies at a time when the private market is in such an expansionary state. We aim to offer the largest opportunity for private security trading through this new partnership.”

Zanbato has reportedly supported over $90 billion worth of order volume and transacted more than $5.75 billion of institutional, non-tender volume since 2017. The number of private firms surpassed 1,000 in Q4 2021, “having grown at a 60% CAGR since 2017.”

Innovative broker-dealer Rialto Markets aims to target high-growth private firms in an ever-expanding overall private securities market, which is expected to reach a record $7 trillion this year and grow to a sizable $30 trillion by 2030 (according to an update shared with CI).

As noted in a release, Zanbato is a financial technology firm established to make private markets “more liquid and reliable.”

Launched in 2016, ZX is Zanbato’s independent, SEC-registered Alternative Trading System which is today “the world’s leading platform for banks and brokers to trade private stock for their clients.”

Over 145 banks, brokers and their wealth management groups “trust ZX for price discovery increased liquidity and trade processing across private markets globally.”

ZANBATO and ZX are both trademarks of Zanbato Inc. and are “registered in various jurisdictions.”

As covered, Rialto Markets is a FINRA member and member of SIPC. The firm is “a regulated broker dealer (Rialto Primary) operating an alternative trading system (Rialto Secondary) for private securities including those issued as a Digital Asset Security, as regulated by the SEC.”

Rialto Primary supports firms “issuing equity and debt securities through Reg CF, Reg A+, and Reg D exemptions.”

Rialto Markets is “registered in all 50 US states including those requiring a broker dealer to issue Reg A+ securities.”

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