First-ever private market ATS is launched in the USA

Rialto Markets and its new private securities Alternative Trading System (ATS) has opened the door for more investors to trade in the private market.

Buyers and sellers now have greater access to shares within US-based private company markets for those issued under Regulation A+, through a viable secondary market.

New investors can place orders to buy shares in companies that have already closed their offerings, and primary investors can place sell orders when they want.

Rialto has made this possible through the Rialto Cross, an SEC-registered ATS where shares can be bought and sold for as little as $10 with no 'gas' fees. ATS subscribership is open to all types of investors, such as retail, accredited and institutional.

Private capital market specialist KoreConX is leveraging the power of its blockchain technology to partner with Rialto Markets for this new secondary venue.

The Rialto Cross joins several US ATS platforms such as NASDAQ and Dash ATS but will be one of the nation’s first to be specifically focused on enabling transactions in privately held securities.

Rialto Markets’ CEO and co-founder Shari Noonan sees this as starting a new era for private market investing:

"It’s an important step towards creating a more efficient infrastructure for capital formation and secondary trading of private securities. We are excited to be a leader in this nascent market and look forward to working with all participants to ensure wide acceptance."

The private market is already rising; investment advice service Millionacres estimates that 330,000 investors use the various crowdfunding platforms, and MarketResearch.com forecasts that the global crowdfunding market will grow by $124.35 billion between 2020 and 2024, progressing at a CAGR of 18%.

Digital Twin market leader Cityzenith is one of the first companies from the private market to join Rialto's ATS. Its SmartWorldOS™ software platform can create virtual replicas of buildings and cities to track, manage and optimize their efficiency.

The US company has raised $10m to date, with Rialto Markets as deal manager for Cityzenith’s current $15m Regulation A+ offering. In the past year, the offering has added over 5,000 investors and seen its share price increase from $0.575 to $1.50 in just five months.

Company CEO and founder Michael Jansen believes the Rialto Cross is a gamechanger:

"We are excited to be one of the first US companies to offer an ATS to its shareholders. Investors in Cityzenith will no longer necessarily have to wait 3-5 years to access returns. Once we cross our minimum investment threshold, shareholders can sell their shares any time, if they so choose.

"Imagine investing today and securing that type of increase in just a few months, and then potentially selling those shares much earlier.”

Jansen added: "Our current $15m raise has attracted significant interest from accredited investors in recent months, as Digital Twin modelling enables tangible, financial upsides for construction going climate-friendly."

To hear more from Cityzenith CEO Michael Jansen, please join an upcoming FREE investment webinar at our Events and Webinars page.

Invest in Cityzenith

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Our Regulation A+ capital raise is now live on StartEngine and open to all accredited and non-accredited investors.
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Important Message

The Company is offering shares of common stock at an offering price of $1.50 per share for gross proceeds of up to $15,000,000 on a “best efforts” basis and up to 3,781,834 shares of common stock and shares of common stock underlying warrants and options on behalf of selling shareholders. The shares being offered for resale by the selling shareholders consist of 3,871,834 shares of common stock held by 152 shareholders.  The selling shareholders will only participate in the offering after the Company has sold $5,000,000 in shares of common stock in this offering.  Once the Company reaches this threshold, the Company will sell the 3,781,834 resell shares being sold by selling stockholders on a pro rata basis with the shares being sold by the Company. For additional information, see the section of the offering circular titled "Selling Shareholders" HERE.

AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.
THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE.

THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY.  THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT.  WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS.  INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE.  THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

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