Technology
Lex Partners With Nasdaq for $100 Apiece Property Trades
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Lex Markets Corp. has reached an agreement to use Nasdaq’s technology to power its trading platform, which will allow bets of as little as $100 at a time on commercial real estate.
“Nasdaq’s technology will help us achieve our goal of opening up the real estate asset class to a demographic of investors who have never had access,” Drew Sterrett, co-founder and CEO of Lex, said in an interview. He said investors will own securities in properties alongside landlords who will maintain an ownership stake or “skin in the game,” while obtaining liquidity in seconds rather than months or years.