LONDON, March 2, 2022 /PRNewswire/ — Completed $180 million secondary private equity trades were executed through Globacap’s platform in the first two months of 2022.
This record figure is greater than the combined trading volume of all European private equity liquidity facilities throughout 2021 and is a clear signal of the acceleration of the shift from public to private markets.
Using cutting-edge innovation and technology, Globacap’s liquidity platform automates all transaction and settlement processes for private assets and cash through to legal settlement finality, a first in private markets and a breakthrough technologically significant compared to the two major private equity platforms, Nasdaq Private Market and ForgeGlobal.
The platform also introduces investor anonymity in the style of public markets and allows companies to buy back and/or issue new shares while facilitating secondary transactions, without additional administrative costs.
To achieve this level of automation, Globacap has built its own private distributed ledger technology (DLT) built with Hyperledger Fabric, a technology originally developed by IBM. This custom DLT enabled full automation of capital markets processes, including stamp duty payments and share transfer forms for private company shares in the UK.
Notes to Editors
Globacap promotes the digitization of all assets using technology to unlock the true potential of the capital market. They standardized the securities landscape, allowing frictionless asset creation and transferability.
More than $10 billion of private equity and debt instruments are managed digitally on the platform, for more than 80 companies and 4,300 investors. Globacap is regulated by the FCA and can accommodate investors from over 60 countries.