![]() These forward-looking statements are generally identified by the use of words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "plan," "potential," "predict," "project," "should," "target," "will," "would" and, in each case, their negative or other various or comparable terminology. ![]() Some of the statements contained in this press release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Its subsidiary, Beneficient Fiduciary Financial, L.L.C., received its charter under the State of Kansas’ Technology-Enabled Fiduciary Financial Institution (TEFFI) Act and is subject to regulatory oversight by the Office of the State Bank Commissioner.įor more information, visit or follow on LinkedIn. Ben’s AltQuote™ tool provides customers with a range of potential liquidity exit options within minutes, while customers can log on to the AltAccess® portal to digitize their alternative assets in order to explore early exit opportunities, receive proposals for liquidity in a secure online environment, engage custodial services for the digital alternative assets and receive data analytics to better inform investment decision making. With a database of more than 57,000 funds, AltQuote can generate an indicative quote in minutes for investors looking to understand the value they may obtain in an early exit.įor additional information AltAccess and AltQuote, visit their respective webpages at:īeneficient (Nasdaq: BENF) – Ben, for short – is on a mission to democratize the global alternative asset investment market by providing traditionally underserved investors − mid-to-high net worth individuals and small-to-midsized institutions − with early liquidity exit solutions that could help them unlock the value in their alternative assets. Rather than acting as a marketplace often plagued with inefficiencies, Ben operates its liquidity business through a subsidiary trust company that conducts standardized fiduciary financial transactions designed to mitigate the need for expensive intermediaries and is regulated and examined by the Office of the State Bank Commission of Kansas."Īlong with opening AltAccess to the public, Ben is also launching AltQuote, a web-based tool for rapid pricing of professionally managed alternative assets. Our AltAccess platform has been built to address this challenge head-on by providing investors with a simple, tech-enabled solution for early exits. ![]() "For too long, holders of alternative assets have been deprived of reliable, transparent and cost-effective options when they want early liquidity. Liquidity, the Ben® Way, means that investors can exit their alternative assets, based on their individual needs, through cash, equity or debt securities.īrad Heppner, Founder, Chairman and Chief Executive, commented: ![]() New Public Access to Online Platform Provides Range of Digital Custody and Liquidity Solutions for Holders of Alternative Assets Seeking Secure, Rapid and Cost-Effective Early ExitsĬompany Also Launches AltQuote™ as Part of AltAccess® Online Platform, a Complete Web-based Tool for Rapid Liquidity Pricing of Illiquid Alternative AssetsĭALLAS, July 17, 2023-( BUSINESS WIRE)-Beneficient (NASDAQ: BENF) ("Ben" or the "Company"), a technology-enabled platform providing liquidity and related trust and custody services to holders of alternative assets, today announced the public launch of AltAccess, which is its flagship platform that allows those holders to accelerate the monetization of otherwise illiquid holdings through a secure, rapid and cost-effective online process. ![]()
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