Monark Markets

Name

Monark Markets

Legal name

Monark Markets, Inc.

Website

https://monark-markets.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Private Markets API Infrastructure

NAICS

Securities and Commodity Contracts Intermediation and Brokerage (5231), Securities and Commodity Exchanges (5232)

SIC

Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

API Management & Gateways (BPAMAOAA)

akta.pro secondary industry

Institutional API Connectivity, OMS/EMS & FIX Gateways (FSADAJAJ)

Keywords

• Private market infrastructure
• Alternative investments API
• Brokerage API integration
• Pre-IPO access platform
• Alternative trading system

Headquarters

HQ city

New York

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. Trade Commission (ATS): MMM ATS charges a trade commission of 1% on secondary market transactions based on the gross balance of each trade. This is the primary disclosed revenue stream for the broker-dealer operations.
2. Placement Agent / Distribution Fees:
3. API Platform / Alts-as-a-Service: Monark provides 'Alts-as-a-Service' (AaaS) infrastructure to brokerages and wealth platforms through API access. Pricing model likely includes subscription or usage-based components for API access and platform services.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels6 records

Core offering

Monark Markets provides B2B API infrastructure ('Alts-as-a-Service') that connects brokerages, wealth platforms, advisory platforms, and clearing firms to private markets. The full-stack API toolkit covers the entire private market investment lifecycle—primary offerings, secondary trading, compliance (KYC/AML/suitability), market data, and custody/fund admin integrations—enabling partners to embed alternative assets (pre-IPO, private credit, real estate) directly into their existing platforms. The company also operates MMM Securities LLC, a FINRA-registered broker-dealer, and MMM ATS, an SEC-regulated Alternative Trading System.

Product overview

Monark Markets is a B2B fintech platform providing 'Alts-as-a-Service (AaaS)' infrastructure, built as a modular API-based architecture. The core offering consists of a full-stack API toolkit including Primary Offerings API (subscription flows, document handling, investor onboarding), Secondary Trading API (order routing, executions, settlement), Compliance API (KYC/AML/suitability), Market Data API (asset data, NAV reports, performance pricing), and Custody & Fund Admin Integrations (DTCC AIP, post-trade operations). This is complemented by MMM ATS, a FINRA-regulated Alternative Trading System enabling secondary market liquidity across the distribution network. The platform is designed for brokerages, wealth management platforms, advisory firms, clearing firms, and issuers to offer private market access (pre-IPO, private credit, real estate, evergreen funds) without rebuilding their technology stack.

Differentiator

Problem solved

Functional benefit

Products and services

• Alts-as-a-Service (AaaS) Platform B2B platform infrastructure enabling brokerages, wealth platforms, and financial institutions to embed private securities trading and alternative investments into their customer experiences through API integration, handling backend regulatory and operational complexities. Sold to enterprise platforms (brokerages, RIAs, clearing firms) on an enterprise/usage basis.
• MMM ATS (Alternative Trading System) Alternative Trading System operated by MMM Securities LLC (a FINRA-registered broker-dealer and member of FINRA/SIPC) that enables secondary market trading of private securities, providing pooled liquidity across Monark's network of distribution partners. Charges a 1% trade commission on the gross balance of each trade.

Quantifiable outcome

• Go live with alternative assets in as little as 3-6 weeks
• +3 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Feature6 records

Partnerships

Six partnerships are on record, tiered flagship and core.

• WebullflagshipStrategic or Co-development Partner · 23 June 2026Webull partnered with Monark to enable eligible accredited investors to access late-stage private companies through SPVs sponsored by Monark Capital Management LLC. The launch represents Webull's entry into private markets, democratizing access to investment opportunities historically reserved for institutional investors. Each SPV is limited to no more than 99 eligible investors, with subscription and funding facilitated through the Webull platform.
• Avant GardeflagshipStrategic or Co-development Partner · 7 April 2026Avant Garde, a brokerage firm, and Monark partnered to enable retail investors access to Pre-IPO companies and private market investments through the Avant Garde platform. The collaboration coincides with the launch of Avant Garde's enhanced trading platform, offering a comprehensive, integrated investment experience.
• Vested FinancecoreStrategic or Co-development Partner · 15 October 2025Vested Finance, a US-based SEC-registered investment advisor, partnered with Monark Markets to expand private market investment access for Indian investors. Monark's API platform supports Vested in offering access to Pre-IPO companies and alternative investments by streamlining private market deal execution.
• Apex Fintech SolutionsflagshipStrategic or Co-development Partner · 30 September 2025Apex Fintech Solutions and Monark joined forces to bring seamless pre-IPO and private-market access to millions of Apex brokerage users. The partnership enables Apex's downstream brokerage platforms to offer private market alternatives.
• Altruist FinancialcoreTechnology or Integration · 30 September 2025Altruist Financial uses Monark's API infrastructure to provide access to private market investments for their RIA platform users.
• ViewTradecoreStrategic or Co-development Partner · 16 April 2025Monark and ViewTrade partnered to bring seamless pre-IPO and private-market access to 300+ global clients across 30+ countries. The partnership enables ViewTrade's client base to access Monark's private market infrastructure.

Scale indicators10 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Carta: Carta is a private market infrastructure platform providing cap table management, valuations, and secondary trading. Like Monark, it operates as infrastructure layer for private market access, though Carta is more established with broader offerings beyond the API-first B2B positioning that defines Monark.
• Forge: Forge operates a global private securities trading marketplace and has its own broker-dealer subsidiary. It is one of the most direct competitors to Monark's MMM ATS for secondary trading of pre-IPO shares, though Forge focuses more on institutional and direct accredited investor access.
• EquityZen: EquityZen provides pre-IPO and private company investment access through SPVs and secondary transactions. It is a direct competitor in democratizing private market access, with similar focus on accredited investor workflows and platform-based distribution.
• Sydecar: Sydecar provides SPV formation and management infrastructure for private market deals. It enables sponsors and platforms to create and administer investment vehicles, overlapping significantly with Monark's SPV-powered offerings (e.g., Webull partnership).
• Hiive: Hiive operates a private company secondary trading marketplace with a structured auction process. It is a direct competitor in the private securities secondary trading space that Monark addresses through its MMM ATS infrastructure.

Broad incumbents

• Nasdaq Private Market: Nasdaq Private Market is the incumbent private market infrastructure provider owned by Nasdaq. It operates trading platforms for private company shares and employee liquidity programs, representing a much larger and more established competitor with similar infrastructure positioning.
• Morgan Stanley Private Shares: Morgan Stanley's Private Shares platform enables pre-IPO share trading for clients of the wealth management giant. It is a broad incumbent with overlapping functionality but operates within Morgan Stanley's broader financial services ecosystem rather than as a standalone B2B infrastructure provider.
• Tradeweb: Tradeweb operates institutional electronic trading platforms across multiple asset classes including fixed income, derivatives, and ETFs. While primarily public markets focused, its electronic trading infrastructure model and institutional API offering overlap conceptually with Monark's B2B API approach.

Emerging players

• Alto: Alto (formerly AltoIRA) provides self-directed retirement accounts with access to alternative investments including private equity, real estate, and crypto. It is an emerging player with overlapping private market access focus but a direct-to-consumer model rather than B2B platform infrastructure.
• Masterworks: Masterworks enables fractional investment in blue-chip artwork via SEC-registered offerings. It represents an emerging alternative investment platform using SPV structures similar to those Monark supports through its infrastructure, though focused exclusively on art as an asset class.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/monark-markets

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries1 record

Funding overview

Funding rounds6 records

Investors11 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Monark Markets