SeedBlink, the European co-investment platform in tech startups, has announced the launch of its digital secondary market after obtaining the EU Passport as per the European Crowdfunding Service provider regulation (ECSPR) licensing. Prior to the launch, several pilots were run with existing shareholders.
With this version, all verified users have access to a new Bulletin Board and processes to privately negotiate sell-buy offers, extending trade access for all equity rounds in the portfolio and enhancing investor control over the process.
The Secondary Market, which is centered on pan-European tech-exclusive deals, is expected to offer early liquidity to individual investors in startups, an otherwise illiquid asset class, in order to free up capital, while allowing buyers to invest at various risk profiles and take part in projects they might have missed on the primary market.
Clients of SeedBlink may at any moment electronically register an interest in participating in the Secondary Market as a buyer or a seller on the platform, together with the quantity and price per unit they wish to sell or acquire. The price can be negotiated between buyers and sellers through offers and counteroffers. To secure ownership transfer, activities will be carried out by SeedBlink once every three months, streamlining the procedure for investors.