Monark and InteliClear Unite to Enhance Private Market Access Seamlessly
In an exciting development for retail brokerage firms, Monark Markets and InteliClear have announced a strategic integration aimed at simplifying access to private markets. Monark, a fintech company known for its 'Alts-as-a-Service' API infrastructure, combines its capabilities with InteliClear's advanced post-trade processing systems. This integration enables a seamless experience for alternative investments directly within the existing back-office systems of InteliClear.
The primary focus of this partnership is on the Pre-IPO market, where Monark's infrastructure allows brokerage firms to provide their clients with access to lucrative investment opportunities in high-profile companies such as SpaceX, OpenAI, and Anthropic. This strategic move not only helps bridge the gap between public and private markets but also opens up new avenues for investors to engage with assets that were previously challenging to access.
Ben Haber, the CEO of Monark Markets, emphasized the importance of this collaboration, stating, "As the divide between public and private markets narrows, working with companies like InteliClear enhances connectivity for broker-dealers and clearing firms. With over 100 million brokerage accounts in the US, this integration expands access to exciting new markets for investors and provides retail capital for issuers in private markets."
John Paul DeVito, Co-Founder and Director of Sales and Marketing at InteliClear, echoed this sentiment, remarking, "Since our inception, InteliClear has aimed to support flourishing fintech firms like Monark to enhance post-trade operations for the betterment of their clients. We are thrilled to combine our cutting-edge infrastructure with Monark's APIs, which allow alternative investments to be part of a client's brokerage experience. As our clients seek exposure to private markets, particularly Pre-IPO opportunities, Monark provides a completely integrated point of access within their back-office systems."
By integrating Monark's APIs, a select group of InteliClear clients will gain exclusive access to various private investment opportunities, including Pre-IPO shares, Registered Funds, and other alternative assets. This integration represents a significant leap towards making private market investments more accessible and efficient within the existing brokerage landscape.
Monark Markets, founded in 2022, has quickly established itself in the financial technology space by providing businesses with the ability to embed private securities into their customer experiences through its API. The firm has navigated regulatory challenges and operational complexities, offering innovative solutions to its partners. Their acquisition of assets and intellectual property from LEX Markets in 2023 further empowered them to expand their footprint in the alternative securities market.
Alongside Monark Markets is MMM Securities LLC, a wholly-owned subsidiary. As a FINRA-member broker-dealer, MMM Securities is authorized to conduct private placements and retail mutual fund sales, assuring clients of adherence to stringent compliance and regulatory standards.
InteliClear, on the other hand, is heralded as a revolutionary post-trade processing system designed to meet the demands of today’s fast-paced trading environment. Their Post Trade Solutions (PTS) provide real-time, customizable software that enhances efficiency across the entire front, middle, and back-office functions. PTS supports a variety of asset classes, ensuring that all transactional data is updated instantly and accurately. This approach allows firms to streamline operations while maintaining rigorous risk monitoring—a critical requirement in today's complex financial landscape.
The acknowledgment of the potential of private market investments marks a significant turning point in the industry. As more investors express interest in diversifying their portfolios with alternative assets, the Monark and InteliClear partnership could reshape access to these previously exclusive markets. As both companies continue to innovate and integrate their services, the future of private market investment looks poised for growth and transformation.