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MEMPHIS, Tenn., September 21, 2021 / PRNewswire / – Planet wealth, in pursuit of its mission to democratize capital markets, announced today the completion of its digital asset ecosystem and the integration of secondary trading in the private market. known Translate, the industry leading digital transfer agent. This breakthrough integration will allow Planet Wealth clients to manage their digital and tokenized stock offerings on Vertalo’s digital transfer agent platform, and allow those issuers and their investors to use Planet Wealth’s broker-dealer and ATS platform for Combine secondary trading and liquidity.
Planet Wealth & Vertalo complete landmark integration, while Planet Wealth further democratizes capital markets.
The fundamental achievement is the result of more than two years of planning, design and implementation between the teams at Planet Wealth and Vertalo. This integration represents the future of private wealth and capital markets, a future in which private companies raise funds from investors across the wealth spectrum, manage those assets on digital transfer agent platforms such as Vertalo, and then list and trade those assets with broker-dealers can ATS is like Planet Wealth.
QUOTE FROM PW
Planet Wealth CEO, Greg Sossaman, Says, “After years in the financial services industry, I’ve recognized the challenge of connecting businesses and individuals with viable ways to raise capital and access liquidity for their investors. All too often, companies find themselves with no way of raising the capital they need. ” in the private markets, while remaining too small to raise capital through the public markets. Through our partnership with Vertalo, we are able to provide this missing piece for both the modern entrepreneur and the investor. “
Vertalo CEO Dave Hendricks and the Vertalo team has been working behind the scenes with the Planet Wealth team for more than two years in preparation for this launch. “Private wealth and capital has long been the domain of discerning investors who have unfair access to capital and the wealth creation mechanisms that produce assets such as real estate investments and private equity. Planet Wealth has eliminated the classic barriers to wealth accumulation with its turnkey platform and has now introduced a new technology – made possible by Vertalo’s digital transfer agent platform – to provide its customers and other investors with the same access to the markets as professional and Accredited investors are looking to enable secondary liquidity. We are proud to include Planet Wealth in this groundbreaking project to reduce systemic frictions in private markets and the associated illiquidity haircuts exacerbated by the lack of efficient markets for private stocks and real estate investments. “
Vertalo’s team has developed technologies to support and complement the platform Planet Wealth has developed to improve access to capital and secondary liquidity. This access to private wealth transactions is particularly relevant today as companies stay private longer and the average age of tech companies when they go public has shifted from 4 to 12 years in the past 20 years. In addition, the median rating of technology companies when they went public is $ 493 million to $ 4,319 million in the last 20 years, which limits the increase in value to institutional investors. According to current SEI study on private market liquidity: “There is broad support in the industry for wider access to private securities, with nearly 8 in 10 asset managers surveyed saying that unaccredited individuals should be able to invest in private markets. Despite some hesitation, almost as many have (72%) of the LPs agree. ” In summary, the private markets industry is ripe for wider access, transparency and liquidity.
About planet wealth
Founded in April 2018, Planet Wealth features a Wall Street in the cloud SaaS ecosystem that eliminates the cost and complexity of the capital formation process. Small to medium-sized businesses and individuals now have the opportunity to access the capital they need to grow or achieve financial independence with an easy-to-follow and inexpensive process. The platform provides entrepreneurs with a seamless way to capitalize on their ideas and generate liquidity through its fully integrated issuing tools, funding platform and secondary trading platform built for you. Whether an SME or an individual looking to raise capital, create wealth by accessing and structuring capital, or generating income, Planet Wealth offers the opportunity to get started for free and open the doors of capitalism to everyone. Planet Wealth is headquartered in Memphis TN.
For more information on Planet Wealth, see www.planetwealth.com or follow us on social media:
Telegram – https://t.me/planetwealthofficial
Twitter https://twitter.com/planetwealth
Facebook – https://www.facebook.com/planetwealthofficial
Instagram https://www.instagram.com/planetwealthofficial/
For more information on Translate, Visit www.vertalo.com or stay up to date with Vertalo’s communications:
Telegram – https://t.me/vertalotoken
Twitter – https://twitter.com/vertalo_?lang=de
Middle – https://medium.com/@Vertalo
LinkedIn – https://www.linkedin.com/company/vertalo
About Translateo
Started on their own March 2018 STO, Vertalo is a B2B SaaS company founded to fill the gaps between primary and secondary trading of digital securities offerings. As the “Operating System for Digital Assets”, Vertalo focuses on connecting and enabling the digital asset economy and offers an industry leading cap table and investor onboarding solution that enables direct ownership and listing of all private assets. In addition to offering direct issues to private companies, Vertalo also offers white label, license and joint venture opportunities for capital advisers, broker-dealers and investment banks. Vertalo, a subsidiary of SeriesX, is headquartered in Austin, Texas.
View original content: https://www.prnewswire.com/news-releases/planet-wealth–vertalo-complete-landmark-integration-301381600.html
SOURCE Planet Wealth, Inc.
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