CFX Markets, the secondary market for crowdfunding assets, announced today that its online market is now open to the public, providing investors from nearly two dozen real estate crowdfunding platforms with the option of liquidity.
“The official opening of the CFX Markets platforms represents a landmark for the crowdfunding industry,” said CFX Managing Director Juan Hernandez. “We’ve always felt that in order for equity crowdfunding to reach its full potential, investors would need the option of liquidity. CFX will provide crowdfunding investors with the much-needed option of liquidity, and we’re thrilled to partner with some of the leading real estate crowdfunding platforms in the industry.”
Crowdfunding platforms that have already joined the CFX Network and have made their investment offerings available for resale on CFX include PeerRealty, American Homeowner Preservation, CrowdFranchise, and PropertyStake.
“I’m excited that CFX will allow PeerRealty to offer our investors the option of liquidity,” said PeerRealty CEO Jordan Fishfeld. “There are a lot of real estate crowdfunding platforms in the market, but being able to give PeerRealty investors the ability to exit their positions if need be will make our investment offerings more appealing.”
Added American Homeowner Preservation CEO Jorge Newbery, “Liquidity will help open up equity crowdfunding to many new investors. With the explosive growth of real estate crowdfunding over the past several years, the launch of a secondary market marks a new phase in the maturation of the industry. We’re looking forward to being part of the CFX Network.”
The secondary market effectively acts as a stock exchange for crowdfunding investments, allowing investors to buy and sell shares from other participants in the market (subject to SEC resale restrictions). Investors seeking to buy or sell shares of crowdfunding assets simply come to CFXinvesting.com (either directly or through CFX partner portals) and sign up for a free CFX account. By authenticating their identity on the CFX platform, investors can sync up their existing CFX partner portal assets. CFX will then automatically pull updated data from the partner portal, and investors interested in selling assets that they own can indicate the price that they’d like to sell for (an offer, or “ask”). Interested buyers can review listed assets and offers, along with historical financial data on each asset, before posting bids to buy listed assets.
The CFX platform is currently in invitation-only mode. Investors interested in buying or selling shares of crowdfunding assets may request access at CFXinvesting.com. Crowdfunding portals interested in listing their investment offerings on the CFX Network may contact CFX at [email protected] for more information.