Reuters Next conference: A tipping point for the Private Market

Transcript

Kelly RodriquesCEO, Forge

So, if you look at the dependency on technology alone, we're in a period where the technology required to standardize a global market is a very large investment.

And the market needed to get to a point where we, for example, have amassed about a half a million investors, about 16,000 institutions on our platform. We had to get to a level where we built a network big enough to support the tech investment required to standardize on a global level. And the fact that we went public on that story and are investing in that technology is one requirement that the world needs to come into the asset class.

It needs standardization, needs automated training, and it needs firm bids and asks to exist in the private market. And two, and this is a complementary piece, the world needs quality data. It needs infrastructure that's curated that lets you know what price discovery looks like and how to participate in the market.

And we believe that those two factors will create that next phase of the tipping point, create that liquidity and the data, and that liquidity obviously begets liquidity in data. So, we think that's the next big requirement for the market.

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