The Nasdaq Private Markets Alternatives platform will connect
buyers and sellers through a fully automated auction-based
technology supported by institutional buyers. Participants will
conduct due diligence, submit buy and sell bids, execute agreements
and facilitate transfer of payment through a single technology.
Fund managers will also be able to control which funds participate
in the liquidity events. Blockchain technology will be harnessed to
help streamline the payment process. Standardized agreements are
managed and executed via the platform, and final settlement amounts
are calculated and payment is facilitated through NPM's
registered broker-dealer.
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