Lithium Finance Partners With Alameda Research to Bring Price Transparency to Private Equity Secondary Market
- The quantitative trading and crypto investment firm will be a Wisdom Seeker in the Lithium ecosystem, focusing on private equity secondaries.
- With Wisdom Nodes specialized in private assets, Wisdom Seekers like Alameda Research will be able to get accurate pricing data on specific private equity in the secondary market in a prompt fashion.
- Pricing private equity secondaries have been a process primarily in murky waters. This partnership could mark the new beginning of bringing transparency pricing on private assets.
Lithium Finance is proud to announce the partnership with Alameda Research, a quantitative trading and crypto investment firm with Wall Street and Silicon Valley expertise. Under the partnership, Alameda Research will join the Lithium ecosystem as a Wisdom Seeker and focus on getting pricing information on private equity secondaries.
As an oracle dedicated to private and illiquid assets, Wisdom Seekers like Alameda can leverage Lithium’s Wisdom Nodes and the DMI mechanism by submitting questions about the valuation of specific private equity in the secondary market. Then, Wisdom Nodes will give their answers, and the DMI mechanism will determine the ultimate consensus accordingly.
To many, pricing private equity has been a process mainly in the dark with no transparency. However, with the help of the crowd’s wisdom, the Lithium — Alameda partnership could be a turning point for pricing private equities secondaries with greater price discovery. Moreover, pricing through a DeFi protocol such as Lithium is considered the first step to bring such private assets to the DeFi space.
David Lighton, Co-founder of Lithium Finance, said,
“Pricing private equity has been challenging, sometimes it’s even more difficult when it comes to value creation in the secondary market. I’m sure Alameda sees the same pain point, and I’m glad that Lithium is their selected solution for that.”
Brian Lee, Partner of Alameda Research added that
“Pricing private equity requires deep-level expertise and the ability to deal with unique challenges. The protocol could be a handy tool for many other players in the field.”
About Lithium Finance
Lithium Finance is the first collective-intelligence pricing oracle to give precise and timely pricing on private, illiquid assets. It rewards analysts who provide truthful information and punish those who offer false pricing data. As a result, Lithium’s users obtain pricing for all hard-to-value assets such as pre-IPO stocks, private equity, and other illiquid assets effectively.
About Alameda Research
Alameda Research requires little introduction. Founded in 2017, Alameda Research is the brainchild of Sam Bankman-Fried. Currently, Alameda Research is backing some of the most technologically advanced solutions in the blockchain industry such as Solana, FTX, Serum, Raydium, Bonfida and more.