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Secondary Market Modernization

Definition

Secondary market modernization involves updating and improving the systems and processes for trading existing financial instruments. In the context of digital assets, this refers to enhancing the efficiency, liquidity, and accessibility of platforms where tokenized securities, non-fungible tokens, and other digital assets are exchanged after their initial issuance. It includes implementing blockchain technology for faster settlement, reducing intermediaries, and expanding trading hours. The goal is to create more robust and transparent trading environments.