Zanbato announces partnership with Rialto Markets

Zanbato announces partnership with Rialto Markets

Rialto Markets COO Joel Steinmetz

Mountain View, California – Financial technology company Zanbato, Inc. has announced a partnership with Rialto Markets

Working with Zanbato is a great fit for both companies at a time when the private market is in such an expansionary state.”

— Joel Steinmetz COO & Co-Founder Rialto Markets

MOUNTAIN VIEW, CALIFORNIA, UNITED STATES, February 23, 2022 /EINPresswire.com/ -- Zanbato announces partnership with Rialto Markets

Mountain View, California – Financial technology company Zanbato, Inc. has announced a partnership with Rialto Markets.

Zanbato’s Alternative Trading System, ZX, supports the world’s largest membership of banks, brokers and their wealth management groups trading private company stock for their institutional and private wealth clients.

“We’re excited to welcome Rialto Markets to ZX’s membership and are thrilled they

share our commitment to building more liquid and transparent private markets,” said Zanbato Chief Executive Nico Sand.

Rialto Markets’ COO Joel Steinmetz said: “Working with Zanbato is a great fit for both companies at a time when the private market is in such an expansionary state.
“We aim to offer the largest opportunity for private security trading through this new partnership.”

Zanbato has supported $90bn+ of order volume and transacted $5.75bn+ of institutional, non-tender volume since 2017. The number of private companies surpassed 1,000 in Q4 2021, having grown at a 60% CAGR since 2017.

Innovative broker dealer Rialto Markets targets high-growth private companies in an ever-expanding overall private securities market, which Forbes recently forecast would hit a record $7 trillion this year and grow to a staggering $30 trillion by 2030.