Every stage, and who controls it.

Open an account and verify your email. This does not grant access to any securities offering.

Submit identity evidence. A compliance reviewer decides. Required before marketplace access.

Investors provide evidence of accredited status against a defined basis — income, net worth, professional certification or entity assets. Self-certification alone is not accepted.

An issuer opens a liquidity event, or a shareholder lists verified holdings.

Offers, counter-offers and messages, all recorded permanently. Nothing in the history can be edited or removed.

Eligibility, AML screening and the applicable exemption analysis for that transaction type.

The issuer reviews the proposed transfer and the proposed buyer, and may decline.

Where a ROFR exists, the issuer or existing holders may buy on the same terms within a fixed window. If exercised, the seller still sells — to a different buyer.

Transfer agreements are generated and executed.

Funds and share transfer are reconciled and positions update.