Fri, Nov 14, 2025
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Industry Updates

Beneficient launches digitized custody and liquidity platform

Tuesday, July 18, 2023
Opalesque Industry Update - Beneficient (Ben), a technology-enabled platform providing liquidity and related trust and custody services to holders of alternative assets, has publicly launched AltAccess, which is its flagship platform that allows those holders to accelerate the monetization of otherwise illiquid holdings through a secure, rapid and cost-effective online process. Liquidity, the Ben(R) Way, means that investors can exit their alternative assets, based on their individual needs, through cash, equity or debt securities.

Brad Heppner, Founder, Chairman and Chief Executive, commented: "For too long, holders of alternative assets have been deprived of reliable, transparent and cost-effective options when they want early liquidity. Our AltAccess platform has been built to address this challenge head-on by providing investors with a simple, tech-enabled solution for early exits. Rather than acting as a marketplace often plagued with inefficiencies, Ben operates its liquidity business through a subsidiary trust company that conducts standardized fiduciary financial transactions designed to mitigate the need for expensive intermediaries and is regulated and examined by the Office of the State Bank Commission of Kansas."

Along with opening AltAccess to the public, Ben is also launching AltQuote, a web-based tool for rapid pricing of professionally managed alternative assets. With a database of more than 57,000 funds, AltQuote can generate an indicative quote in minutes for investors looking to understand the value they may obtain in an early exit.

Mr. Heppner added: "Historically, investors' primary avenue for accessing liquidity has been through the secondary market, which caters to the largest institutions and employs M&A-like transactions involving many intermediaries, time-consuming negotiations, and expensive costs and fees. Ben is seeking to democratize the process with the launches of AltAccess(C)TM and AltQuote(C)TM. Built primarily for individual investors, wealth management advisors and general partner fund sponsors, as well as smaller institutional investors, the platform provides the ability to manage all aspects of an early exit, including custody requirements in one online digital dashboard."

Press release
Bg

Article source - Opalesque is not responsible for the content of external internet sites

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Global fintech investment slumps to seven-year low of $95.6bn[more]

    Laxman Pai, Opalesque Asia: Global fintech investment plummeted to $95.6 billion across 4,639 deals in 2024, marking its lowest level since 2017, as investors grappled with persistent macroeconomic challenges and geopolitical tensions, revealed a study. According to the Pulse of Fintech H2'

  2. Opalesque Exclusive: Private capital deal value climbed 19% in 2024[more]

    Bailey McCann, Opalesque New York: Private capital deal value climbed 19% in 2024, according to the latest data from the Global Private Capital Association. Growth was driven by big-ticket investments across Southeast Asia, Latin America and Central & Eastern Europe (CEE). Investor confidence

  3. Opalesque Roundup: Citco: 77% of hedge funds achieved positive returns in January 2025: hedge fund news[more]

    In the week ending February 21st, 2025, a report revealed that hedge funds enjoyed one of their best opening months this decade in January, as Equity and Multi-Strategy funds posted strong returns. Funds administered by the Citco group of companies (Citco) delivered a weighted average return of 4%,

  4. Opalesque exclusive: Permuto's new equity unbundling product to change investment model[more]

    Opalesque Geneva for New Managers: Here is a different way of owning stocks coming to you soon: the option of holding just the dividend portion of a stock, independent of its price movements. Or capturing the stock&

  5. Opalesque Exclusive: Hedge funds outperform mutual funds in managing extreme risk contagion - key insights for investors[more]

    Matthias Knab, Opalesque for New Managers: Hedge funds and mutual funds are among the most prominent vehicles for investors seeking growth and diversification. However, a critical question persists: which fund ty