Rialto Markets, a broker-dealer that specializes in online capital formation, including the full stack of crowdfunding exemptions, has shared some highlights of its activity during Q1 of 2024.
According to Rialto, its new Rialto Markets Enterprise Solutions (RiMES) has signed up several new customers.
RiMES is a technology product that enables platforms and promoters to leverage Rialto’s primary issuance offering and secondary trading offering as a white-label solution. Currently, there is a trend in the securities crowdfunding sector to provide an opportunity for issuers to host their own securities offerings.
Rialto Transfer Services has added two transfer agent clients. The company also offers enhanced transfer agent solutions by combining traditional and blockchain technology to support investment crowdfunding. The Transfer solution is blockchain agnostic.
Rialto said that it continues to tokenize or digitize funds for PE funds and other asset managers. This is being developed to service both Accredited and non-Accredited Investors leveraging both Regulation A and Reg D – which is for Accredited Investors only.
Additionally, Rialto reports that it has signed up its first institutional client for its digital American Depositary Receipt [ADR] service.
Rialto and the Digital Securities Depository Corporation [DSDC] are now collaborating to offer alternative solutions for ADR trading through digitization.
DSDC is a member-governed and operated infrastructure for compliant issuance and servicing of financial assets in a fully digital format. DSDC is currently targeting the ADR market.
DSDC and Rialto have partnered to launch DSDC’s initial offering of improved cross-border investments in a compliant manner. DSDC says this is the result of a multi-year consultation with the SEC and FINRA.
Rialto Markets is a FINRA member broker-dealer and SEC-registered Alternative Trading System (ATS).
As of today, Rialto reports over $300 million in securities offerings listed using its tech stack.
