Trellis Software Inc., a Boston-based company that helps issuers and fiduciaries navigate the time-consuming and cumbersome private investment process with its innovative digital platform, announced today that it has partnered with ClearList. ClearList is a digital trading platform created to transform price discovery of private company securities and provide liquidity for those securities. The Trellis platform will be used to manage investor onboarding, KYC, document management and other regulatory processes.
“Together we will create a world class platform of services targeted at the automation and centralization of issuance and investment in private markets.”
ClearList is majority-owned by GTS, a leading electronic market maker across global financial instruments, as well as the largest Designated Market Maker at the New York Stock Exchange and the largest wholesale market maker of over-the-counter securities in the United States.
Bill White, CEO of ClearList said, “ClearList enables opportunities for private companies at every stage of growth and capital management, helping define the path to the public markets. With the Trellis platform of services, we are going to bring efficiencies of the public markets to the private securities marketplace, for both issuers and investors.”
Trellis Software is a SaaS platform built to facilitate secure, compliant, and paperless investment in alternative assets from deal sourcing and due diligence through subscription, custody, and monitoring. With the relationship announced today, this platform will now facilitate liquidity for private investments through the ClearList digital trading platform. This end-to-end transactional engine, from issuer through fiduciary, investor and ultimately liquidity provider is a first-of-its-kind offering in the private investment space.
“Investments in private securities are expected to surpass those in hedge funds sometime in the next three years,” said Tim Krochuk, CEO of Trellis and a Managing Member of Shepherd Kaplan Krochuk, LLC. “That poses a real problem for fiduciaries, especially in the wealth management space. Getting access to deal flow and managing the cumbersome investment process involved in making those investments will be a real drain on the resources of any firm. ClearList helps solve that problem.”
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