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CrowdX acquires share trading platform J P Jenkins

By Gloria Methri

January 31, 2023

  • Cash and Liquidity Management
  • CrowdX
  • Debt and Equity
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CrowdX, FinTech, platform as a service, private markets, CrowdX, the FinTech platform providing marketplaces and liquidity solutions to private companies, has acquired JP Jenkins (JPJ) as a wholly-owned subsidiary. Founded in 1991, JPJ helps private firms engage with shareholders and allows early-stage investors to realise a return on their paper wealth.

“This acquisition comes at a critical time, not only in the growth story of CrowdX but also as the UK’s future as a capital market of choice is very much in the spotlight,” said Mike McCudden CEO of CrowdX.

“Our proven technology will afford JP Jenkins clients access to a cutting-edge venue, which any broker or institution can connect to using a standard API. This greater accessibility to an enlarged number of investment opportunities improves liquidity, generates more accurate valuations, and in turn delivers a tangible boost to transparency.”

In addition to boosting accessibility for the secondary trading already offered by JPJ, the integration CrowdX technology will also deliver a platform to facilitate the primary issuance of both debt and equity instruments.

Veronika Oswald, Commercial Director of JP Jenkins, said, “CrowdX has already developed some great technology and protocols which are designed to power the next generation of capital markets. We are truly excited as to what the future may hold, not only for the existing cohort of JP Jenkins members but also when it comes to the positive impact this will have in bolstering London’s position for securities issuance and trading on a global basis.”

CrowdX is currently in the advanced stages of negotiations with several other financial institutions that are looking to deploy its technology. This will allow the firm to power its own venues, improving the management of investment portfolios and preserving asset valuations without needing to resort to trade sales.

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