Secondary market
How and when investors can trade Ardent CrowdFund holdings on the platform's secondary market, and the limits that apply.
Secondary market
Most crowdfunding investments are long-dated and illiquid. Ardent CrowdFund is building a regulated secondary market so holders can offer their positions for sale, subject to issuer permission and SEC Ghana rules, without waiting for a corporate liquidity event. This page explains how the secondary market will work, what protections apply, and the current state of rollout.
Why a secondary market matters
The liquidity problem crowdfunding investors face, and how even a limited secondary market changes the calculus.
How listings work
How an existing holder lists a position, and how price discovery is managed (bids, asks, matching windows).
Price discovery and fair value
How reference prices are calculated for infrequently-traded instruments, and how we signal fair-value ranges to both sides.
Eligibility and holding periods
Which instruments are eligible to trade on the secondary market and the minimum holding periods before a trade is allowed.
Fees and settlement
Secondary-market fee structure and how settlement reuses the same escrow-and-register rails as primary subscriptions.
Regulatory guardrails
The SEC Ghana rules that govern secondary trading, and the additional disclosures sellers must make.
Current status and roadmap
Where we are in rolling out the secondary market (pilot, invite-only, general availability) and what's next.
Last updated on