Secondary Market Access

Definition ∞ Secondary market access refers to the ability to buy or sell existing financial assets after their initial issuance. This includes trading stocks on exchanges, bonds over-the-counter, or digital tokens on cryptocurrency exchanges. It provides liquidity for investors, allowing them to exit positions and realize gains or losses. The efficiency and accessibility of secondary markets are crucial for asset valuation and overall market function.
Context ∞ In the digital asset space, secondary market access is a critical discussion point, particularly for novel tokenized assets or illiquid digital securities. News often addresses the regulatory hurdles and technological solutions aimed at improving access and liquidity for these assets. The expansion of robust secondary markets is essential for the maturation and mainstream adoption of various digital asset classes.