The Secondary Market for Custody-Eligible Private Markets Products
Liquidity for Illiquid Assets
We’re building Europe’s first open, exchange-regulated secondary market for custody-eligible private markets products.
Launching in 2026 — stay informed and receive updates by email.
Product and Services
Secondary Market Platform
We are redefining the secondary market for private markets products — creating an innovative solution for trading fund units such as ELTIFs (closed-end & semi-liquid) and other custody-eligible products (e.g. RAIF, UCI Part II, SICAV).
In doing so, we close a critical gap in the private markets landscape — enabling liquidity and transparency where they have so far been missing.
For maximum execution certainty and quality, we rely on intelligent matching, transparent processes, and open structures for all market participants — complemented by regulated, exchange-based execution.
Settlement Technology
In the primary market, we already provide established solutions for the settlement of custody-eligible private markets products.
Thanks to our flexible approach and many years of expertise, we are able to meet even the most complex requirements — from bespoke product structures to the high demands of banks and external distribution channels.
Find out more here — we look forward to hearing from you.
WHO WE SERVE
We connect the entire private markets ecosystem on one platform
Investors
Banks & Broker
Issuers
Liquidity Providers
OUR VISION
Making Private Markets liquid – with technology that connects and processes that build trust.
Expertise meets innovation: A new infrastructure for trading private markets products.
The decades of experience of Fondsbörse Deutschland in closed-end fund trading and the proven expertise of Börse Hamburg in securities trading – as Germany’s oldest stock exchange – combine with the technological know-how of the former SideCaps team in building regulated exchange infrastructure and digital trading platforms.
This unique combination forms the foundation of Private Market Xchange – with deep expertise in the regulatory, technical, and operational requirements of fund, banking, and financial transaction markets.
With state-of-the-art technology, we are creating a central platform that connects the entire private markets value chain – enabling legally robust transactions where liquidity has so far been scarce.
CONTACT