Tagged: secondary

Secondary Market for Private Securities Hiive Closes on Venture Funding

Hiive, a secondary market for private securities, has raised venture funding, setting a post-money valuation of $77 million on the Canadian startup. The company reportedly raised USD $4.2 million in a SAFE. Hiive was founded in 2021. Hive stated: “We are pleased to announce that… Read More

StartEngine Reports its First Secondary Trading Transaction

StartEngine, one of the largest securities crowdfunding platforms in the US, says the first secondary transaction has taken place on its marketplace. StartEngine said in an email: “Since launching Marketplace a little over three weeks ago, we’ve received a little over 300 offers to buy… Read More

StartEngine Launches Secondary Marketplace for Securities Issued on its Platform and Others

StartEngine, one of the largest securities crowdfunding platforms in the US, has announced the official launch of its long-anticipated secondary marketplace. StartEngine has been approved to operate an ATS or Alternative Trading System for some time now. Yet the launch of the previously announced platform… Read More

SeedInvest Shares Several Exits from Crowdfunded Companies

On August 2nd, 2022, the SEC’s Small Business Capital Formation Advisory Committee (SBCFAC) met to discuss secondary trading of crowdfunded securities. While most industry insiders believe that providing liquidity via a trading platform for private securities issued under certain exemptions makes a lot of sense,… Read More

Nasdaq Private Market Selects New CEO

Nasdaq Private Market (NPM) has appointed a new Chief Executive Officer – Tom Callahan. According to Nasdaq, Callahan is a financial services veteran with more than 30-years of experience at firms like BlackRock, NYSE Liffe, NYSE Euronext and Merrill Lynch. Most recently, Callahan led the… Read More

Rialto Markets Alternative Trading System Looks to Provide Secondary Trading in Reg A+, Reg CF Securities

Rialto Markets, a regulated alternative trading system (ATS), is looking to provide liquidity to the crowdfunding sector by enabling retail investors to sell or buy shares in securities issued under the Reg CF and Reg A+ exemptions. Rialto Markets CEO Shari Noonan says it is… Read More

Nasdaq and Banks Join to Allow Trading in Private Company Securities

Nasdaq has joined with several large banks to create Nasdaq Private Market, an independent company that will facilitate secondary trading in private securities. As the market for initial public offerings has slowed, largely due to the excessive cost and compliance demands, more and more companies… Read More

A Potential Pathway Forward for U.S. Initial Coin Offerings

This summer, with little fanfare, the North American Securities Administrators Association (NASAA) announced some interesting and, in our view, directionally enlightened ideas on potential changes to state securities laws as they relate to secondary market trading. If you aren’t familiar with NASAA, it is a… Read More

Katipult Releases Blockchain based Secondary Market, Launches First on WeAreStarting in Italy

Katipult (TSXV: FUND)( Frankfurt: K10) has announced the first install of its blockchain based secondary market product. Adhering to a previously posted release time frame, Katipult has launched the secondary market as a pilot on WeAreStarting Srl, an investment crowdfunding platform in Italy. According to Katipult, capabilities of… Read More

BnkToTheFuture Files $30 Million Reg D with SEC

Hong Kong City

BnkToTheFuture has filed a Reg D 506c indicating its intent to raise $30 million. The recent filing, under the entity of BnkToTheFuture BFT SP – a Segregated Portfolio of BnkToTheFuture Capital SPC, with the Securities and Exchange Commission (SEC) stated the first sale commenced on February… Read More

Secondary Market Activity Ramps Up on Assetz Capital with over £300 Million Traded to Date

Assetz Capital, a fast growing peer-to-peer finance platforms based in the UK, reports it has facilitated £300 million in loans on its secondary market since its launch. The company said this was evidence of the demand by investors for liquidity ahead of natural loan repayments, and… Read More

Crowd2Fund Says Their Secondary Market is Booming

Crowd2Fund’s Exchange, a secondary market for crowdfunded investments, is apparently experiencing solid utilization according to a release by Crowd2Fund. Launched 18 months ago, Crowd2Fund states it is benefiting from a “significant increase in activity in line with the platform’s exponential growth this year.” Investors using the… Read More

Orchard Platform Pivot? Not So Fast.

Earlier this week there was note circulating the Orchard was in the midst of a pivot.  Specifically, the report said Orchard was pivoting from a data/analytics platform to a loan trading platform. This was interesting as the secondary transaction platform for securities based on online loans… Read More

No Bidding Yet. Seedrs Outlines How Crowdfunded Shares will be Valued in Secondary Marketplace

Seedrs will commence its secondary market feature next week on Tuesday (June 6) as they launch monthly their trading marketplace for crowdfunded securities (labeled Trading Tuesdays). This is not a simple task and a persistent item of discussion in the investment crowdfunding sector. Creating liquidity… Read More

Orchard X: Secondary Market for Online Loans Delayed Due to Regulatory Hurdles

Orchard X, the secondary trading platform being created by Orchard platform, received coverage from NYTimes.com yesterday shedding some light on the delayed launch. The electronic trading platform for online lending assets was announced in April 2016 but since that date little has been said about a… Read More

SEC Publishes Agenda for May 10th ACSEC Meeting

The Securities and Exchange Commission (SEC) has published the agenda for the May 10 meeting of its Advisory Committee on Small and Emerging Companies (ACSEC). At this meeting, ACSEC will discuss the underwriting of small offerings and will receive updates from SEC staff about the… Read More

Following the Sale of PeerRealty: Founders Jordan Fishfeld & Juan Hernandez Shift Energy to Secondary Market Platform CFX Markets

Following the announcement that real estate crowdfunding platform PeerRealty had been sold to Brelion, founders Jordan Fishfeld and Juan Hernandez are shifting their energy to solving a pressing issue in the alternative finance space: creating a secondary market for alternative assets including securities sold on… Read More

Secondary Market: Crowdcube Facilitates First Secondary Share Trades

Crowdcube has announced the completion of its first batch of secondary transactions on their crowdfunding platform. The serviced was initially tipped for release last year during Crowdcube’s self-crowdfunding round that raised £6.6 million.  Incorporating secondary transactions is an important step in the crowdfunding platform as… Read More

Equity Crowdfunding Platform FundedByMe Launches Secondary Trading for Crowdfunded Securities

Sweden-based investment crowdfunding platform FundedByMe has launched a secondary trading platform in partnership with Skandinaviska Enskilda Banken.  The new platform was announced during a breakfast event at Stockholm’s Stureplan and is designed to provide liquidity for investors in crowdfunded securities. Skandinaviska Enskilda Banken or SEB,… Read More

Asset Match Says Interest in Early Stage Investment is High but Liquidity Challenges are a Problem

Peer to peer trading platform, Asset Match, is out with some research on the demand for a secondary market for alternative securities. Asset Match is a London-based platform that enables shareholders to trade shares in unlisted companies. According to Asset Match, nearly two million UK… Read More

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