Some trades in private securities can take more than 30 days to settle.
London Stock Exchange Group has invested in Floww, a platform that connects investors with private companies.
Digital Securities Management (DSM) platform is is expected to go live in early 2022.
The addressable market for private company secondary transactions is up to $1.5bn.
SVP, Citi, Goldman Sachs, and Morgan Stanley will invest in the new company.
The opportunity to digitize private securities on a global scale is escalating.
Broker-dealer sees an opportunity in private securities transactions.
Growth of alternative investments has not been accompanied by the required technology and infrastructure.
This collaboration will allow clients to accelerate the launch of registered private market products.