Nasdaq Launches NPM Alternatives Platform To Enhance Alt Liquidity

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Kramer Levin Naftalis & Frankel LLP

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The Nasdaq Private Markets Alternatives platform will connect buyers and sellers through a fully automated auction-based technology supported by institutional buyers.
United States Finance and Banking

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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