NEW YORK, Dec. 10, 2024 -- Monark Markets, a venture-backed, New York-based startup providing Alts-as-a-Service (AaaS) infrastructure, today announced its partnership with Sydecar, a private market infrastructure platform focused on venture capital investments. The partnership leverages Sydecar's digital fund admin and ledger capabilities, combined with Monark's API stack and alternative trading system, to deliver a holistic offering that covers the entire transaction lifecycle for investing in private company shares.
Monark and Sydecar's API-based solution offers brokerages an embedded private company investment experience, allowing brokerages to build their own user interface and user experience, and giving accredited investors access to private markets from within their native brokerage app. The team at MMM Securities, Monark's wholly-owned broker-dealer subsidiary, has established partnerships with venture funds, private company secondary brokers, and marketplaces in order to access private company shares at competitive prices. Monark will facilitate secondary trading of Special Purpose Vehicle (SPV) interests on the MMM Securities Alternative Trading System, potentially enabling liquidity for investors. Additionally, syndicate leads and issuers of private company SPVs will be able to leverage Monark's Issuer Admin Panel to originate and distribute private company SPVs to their own LPs and accredited investors in the Monark brokerage network.
"We are thrilled to be partnering with the team at Sydecar, and excited to be leveraging their best-in-class infrastructure to create and manage private company SPVs." - Ben Haber, Monark CEO.
Bringing alternative investments to accredited investors requires a robust capital markets infrastructure with a simple user experience, lower investment minimums, and access to secondary markets and market data. As incumbent brokerage platforms tap into the growing demand for alternative investments, offering a superior user experience becomes a key advantage for capturing more investor assets.
"As more companies choose to stay private for longer, the market for private company stock has become increasingly active, with many investors seeking ways to invest before a company's IPO. Simultaneously, many early-stage investors, such as venture funds, syndicates, and angels, are seeking alternative liquidity opportunities," said Nik Talreja, CEO of Sydecar. "This partnership provides the infrastructure that connects the two sides of this underserved and growing market."
In the future, Monark and Sydecar aim to use SPVs as a centralized system of record for private market investments, enabling a robust capital market ecosystem across various private asset classes.
This News is brought to you by Qube Mark, your trusted source for the latest updates and insights in marketing technology. Stay tuned for more groundbreaking innovations in the world of technology.
