Overview

The Elephant

Information by TrustFinance researcher

https://thelephant.io/
The Elephant Platform (formerly PrivatEquity.biz Platform) is a tokenized platform in the private secondary market. It is a bridge between the secondary market investment world and the Blockchain space that allows cryptocurrency holders to diversify their portfolio by getting access to tokens linked to and backed by real assets, such as shares of pre-IPO companies (Target Companies). At the same time, The Elephant Platform enables private share owners and investors to unlock the value of these assets by creating and selling their equity tokens. The Platform enhances liquidity and transparency of assets, as well as minimizes transaction costs. The Platform is already active, though not in the tokenized model, offering shares of popular tech companies which were listed on the Platform by their shareholders, mostly employees. The mentioned companies are all at the pre-IPO stage and meet the qualification criteria of the Platform. Performing a secondary transaction for purchase of shares is subject to reaching an agreed price and subject to further procedures that govern shares of a private company, such as right of first refusal, corporate approvals etc. The Elephant Platform seeks to create a scenario that benefits all participants via the secondary transactions it facilitates; investors gain access to previously inaccessible shares of Target Companies while shareholders in these Target Companies gain access to liquidity prior to an exit or an IPO, especially “small” investors and “small” shareholders who lack the resources and/or ability of putting together a secondary market transaction on their own.
Founded in
Israel

Israel


Industry

    Crypto

  • CryptocurrencyPRIMARY

    Financial

  • Other Service