LONDON, UK / ACCESSWIRE / September 12, 2018 / The Elephant, a London-based blockchain-powered secondary market platform and China-based equities management and exchange platform ShareX today unveiled a new strategic partnership that leverages both companies' strengths in the blockchain and equities platform fields.
The Elephant offers accredited investors an opportunity to buy and sell shares in privately owned unicorns. The strategic cooperation with ShareX significantly extend its Asian deal flow to include blocks of shares in Asian unicorns such as DIDI and OFO.
The partnership between the companies highlights their view of the secondary shares market and shows that the concept of tokenizing equity has real value for pre-IPO equities. The agreement will see the companies cooperate extensively on both the business and marketing sides, with the goal of creating a broader and more conducive ecosystem for tokenizing shares. The two parties will also share customers and exchange projects, focusing on quickly expanding the tokenized secondary shares market.
Currently, shareholders in many of the most exciting companies cannot cash in on their real value due to the underlying businesses' private nature. According to The Elephant CMO Idan Miller, "In today's ecosystem, where more companies are choosing to stay private for longer periods, shareholders (seed investors, founders, employees and VCs) have to wait longer to liquidate their shares. On the other hand, the significant valuation increase that occurs prior to an IPO or exit is not accessible to traditional investors."
"For both companies, the goal is to relieve these pains in the most effective way", said Miller. "Both ShareX and The Elephant are building leading global tokenized secondary market places that will enable equity holders to liquidate their shares on the one hand and allow investors to join the scale-up valuation ride by investing in shares of these pre-IPO companies prior to liquidation."
The goal of the companies' cooperative agreement is to create unique investment opportunities for their client bases. Western investors on The Elephant platform will now have access to top-tier Asian pre-IPO unicorn shares, while Asian investors on ShareX platform will be able to invest in tier 1 Western deal flow and equity.
About The Elephant:
The Elephant is the first tokenized secondary market platform. It offers accredited investors an opportunity to buy and sell shares in privately owned companies on their secondary market platform. The Elephant's portfolio of pre-IPO companies includes over USD 70 million in shares of companies like Palantir, Outbrain, IronSource, Gett, BlaBla Car and many more.
ShareX's platform offers a new way to manage equities based on blockchain which helps investors mobilize their equity faster, trade it on a global level, and gain access to companies that are unlisted by providing a secure and transparent exchange mechanism.
SOURCE: The Elephant