Nasdaq Private Market has reached a significant milestone, announcing that it has crossed the $500 million mark in total volume for its Transfer & Settlement (T&S) solutions, a proprietary technology aimed at streamlining the equity transfer process for private companies. Officially introduced in 2023, this achievement underscores the growing demand for efficient liquidity solutions in the private market.
T&S is designed to enhance the settlement experience for private companies and their stakeholders, providing a broker-agnostic approach that accommodates share transfers through both the Nasdaq Private Market’s SecondMarket trading platform and other third-party venues. This innovation allows for secure management of all trade-related data, accessible only to authorized company representatives.
Andrew Kroculick, Head of Business Operations and Client Experience at Nasdaq Private Market, emphasized the importance of this service: “With the recent uptick in activity within private markets, companies are spending more time managing share transfers than ever before. Our clients have described T&S as a transformative product, enabling equity administration and finance teams to reclaim valuable hours that would otherwise be consumed by cumbersome transfer processes.”
The benefits of Nasdaq Private Market’s T&S service are substantial, offering private companies a range of advantages:
- Cost-effective solutions that alleviate the burden of complex and distracting administrative tasks.
- Enhanced data security, ensuring that all information remains confidential and protected within Nasdaq’s managed systems.
- Real-time visibility, allowing users to track transfer statuses and access an audit trail for greater transparency.
- Streamlined processes for verifying holdings, making decisions regarding Right of First Refusal (ROFR), submitting documents, and processing payments.
With liquidity being a critical factor for any asset class, the T&S product aims to make the private market more accessible and appealing to investors globally. Nasdaq Private Market continues to invest in refining this product, easing the administrative load on private companies while granting equity administration teams comprehensive oversight of transfer activities.
Recognized as a leading provider of secondary market solutions for more than a decade, Nasdaq Private Market has facilitated over $50 billion in transactions across 700 + company-sponsored liquidity programs. The company’s expertise stretches to include around 190,000 individual shareholders and investors, solidifying its role as a key player in enhancing liquidity for venture-backed private enterprises.
For businesses seeking to simplify their equity management or looking to better understand market opportunities, Nasdaq Private Market’s Transfer & Settlement solutions offer an indispensable pathway to achieving operational efficiency and market readiness in an evolving investment landscape.
For further information on how Nasdaq Private Market can support liquidity solutions or to explore the details of its T&S offerings, visit their official website today.