MENLO PARK, Calif.–(BUSINESS WIRE)–AST Private Company Solutions (AST PCS) announces the company’s latest strategic alliance with Simetria Trading Solutions Ltd™ (Simetria), a leading Israel-based liquidity provider for private technology companies powered by assistive technology digital. AST PCS’ Astrella® capitalization (cap) table and property data management platform will now be available to support Simetria customers who require an integrated solution to manage their property data while providing management teams the ability to share capitalization table information and offer liquidity opportunities to their teams.
AST PCS, Silicon Valley-based Equiniti-based property solutions and leader in payments and provider of Astrella, a cloud-based software-as-a-service (SaaS) platform, brings together innovative private blockchain technology , artificial intelligence (AI) and predictive analytics. Additionally, Astrella is built with an API-based ecosystem to quickly engage with leading private investment firms, valuation providers, equity compensation services, liquidity solutions funds, and money managers. heritage.
Israel-based Simetria is the first company to receive the green light, in the form of a no-action letter, from the Israel Securities Authority to launch a digital securities market. Simetria’s marketplace is powered by Algorand, a decentralized, carbon-neutral, open-source blockchain network that leverages a two-tier structure and a unique variant of the Proof-of-Stake (POS) consensus mechanism to increase stakes. transaction speeds, to ensure its digital exchange is built from the ground up on the best blockchain technology available.
“As the battle for talent rages on, transparency around stock awards and scheduled cash opportunities is the ultimate solution for hiring and retaining employees by private technology companies,” said Ziv Keinan, founder and CEO of Simetria. “We are excited to see a solution such as Astrella in the market, as stronger technology and data management will only serve to expand the range of financing options available to our joint customers as we move forward. their growth.Combining our transactional solutions with Astrella’s fast-growing customers is a win-win situation for everyone.
Director of AST PCS Israel Avivit Farzam Ben-Avi, LL.B adds: “Our relationship with Israeli companies continues to grow as we develop partnerships with companies such as Simetria, which are best-in-class players in transactions with private companies. This is another important step in forming the kind of well-rounded data management ecosystem that we believe Israeli companies, whether start-ups, evolving, or close to public offering, have need.
Simetria is a digital solutions provider focused on pre-IPO private Israeli technology companies. The revolutionary market uses blockchain-based digital securities technology for this business. Simetria has received a preliminary decision from the Israel Securities Authority that allows it to launch as a digital securities trading platform for the first time. Simetria allows Israeli companies to list shares on its platform which would then be offered to accredited investors.
Simetria is the first company in Israel set to launch a DLT-based digital stock exchange that transforms the end-to-end lifecycle of a private security for primary issuance and secondary market trading. The exchange will first launch within the Israeli startup ecosystem, followed by an international launch. Simetria’s goal is to become Israel’s future business infrastructure.
About AST Private Company Solutions, Inc..
Founded in 2019, AST PCS is a subsidiary of Equiniti and focuses on serving private companies worldwide. Astrella, a cloud-based SaaS solution, allows private companies to manage their ownership data, including capitalization table and employee stock plans and connect directly with associated service providers to support a flow efficient working environment and provide access to investors, advisors and employees. For more information, visit astrella.com.