Nasdaq Private Market announced enhancements to its Transfer & Settlement business, including AI-powered trade ingestion and automated agreement generation to simplify and speed up private market transactions. Private market settlements are complex and slow, with varying processes that create friction for companies, buyers, and sellers. NPM aims to modernize private market infrastructure by standardizing settlement workflows and leveraging AI technology. These improvements have resulted in $1.1 billion settled across 2,000 trades, with transactions settled through NPM closing 12 days faster on average. CEO Tom Callahan emphasizes the importance of reducing time and complexity in private market transactions.

Read more at GlobeNewswire: NPM Modernizes Private Market Transfer & Settlement with