P2P Secondary Market

Resale between verified investors, settled on-chain.

The Libertum P2P secondary market lets investors resell tokenized assets to each other. Tokens and payment swap in one on-chain transaction, and the ownership register updates itself.

For investors
  • KYC-verified investors only
  • Delivery versus payment
  • USDC or USDT
  • Live on Base and Ethereum mainnet
What it is

A marketplace for resale, inside Libertum.

After an offering closes, investors who hold its tokens can list them for sale, and other investors can buy them. Settlement runs through the marketplace smart contract, never through an off-chain promise.

01

Who can trade

KYC-verified investors whose wallet is registered on the token's ERC-3643 identity registry. Anyone else is turned away by the token itself.

02

What they trade

Tokenized assets issued on Libertum, priced in the stablecoins USDC or USDT.

03

How it settles

Tokens and payment swap atomically in one on-chain transaction: delivery versus payment, with no window where one side has paid and the other has not delivered.

For sellers

List a holding in four steps.

  1. 01

    Choose a holding

    Pick the tokenized asset you want to sell from your portfolio.

  2. 02

    Set price and quantity

    Set your price in USDC or USDT and how many tokens to sell.

  3. 03

    Tokens move into custody

    Your tokens move into the custody of the marketplace smart contract, so they are there when a buyer pays.

  4. 04

    Your listing is visible

    Verified investors can now see and buy your listing.

Changed your mind? Cancel the listing and the tokens return to your wallet.

For buyers

Buy in one transaction.

  1. 01

    Choose a listing

    Browse the listings for the assets you are eligible to hold.

  2. 02

    Enter an amount

    Buy all of a listing or part of it. Partial fills are supported.

  3. 03

    Pay

    Tokens and payment swap atomically in one on-chain transaction (delivery versus payment).

  4. 04

    The register updates

    The ownership register updates automatically, with no manual reconciliation.

Prefer to name your price? Post a bid. The stablecoin for your bid is held by the marketplace contract until a seller fills it or you cancel.

Safety controls

Compliance travels with the token.

  • Identity and compliance checks

    The token enforces its identity-registry and compliance checks on every transfer, including every trade.

  • Frozen wallets cannot trade

    A wallet the issuer has frozen cannot list, buy or bid.

  • Resale price cap at NAV

    Resale prices are capped at the asset's net asset value.

  • Optional listing approval

    An issuer can require its approval of each listing before it goes live.

  • Issuer switch

    An issuer can switch off secondary trading for an offering.

  • Custodian wallet protections

    Trades from a Libertum custodian wallet have platform-sponsored gas, sanctions screening and step-up verification.

  • Recorded twice

    Every trade is recorded on-chain and in the audit trail.

Networks

Where it runs

  • Base mainnet Live
  • Ethereum mainnet Live
  • Other chains are coming. Coming

P2P secondary market FAQ

What is the Libertum P2P secondary market?

It is where investors resell tokenized assets to each other on Libertum. Sellers list their tokens at a price in USDC or USDT, buyers pay, and tokens and payment swap in one on-chain transaction.

Who can buy and sell?

KYC-verified investors whose wallet is registered on the token's ERC-3643 identity registry. The token checks this on every transfer, so an unverified wallet cannot receive it.

What happens to my tokens when I list them?

They move into the custody of the marketplace smart contract until they are bought. If you cancel the listing, the tokens return to your wallet.

Can I buy part of a listing?

Yes. Partial fills are supported, and the ownership register updates automatically after each trade. You can also post a bid, with the stablecoin held by the marketplace contract.

What control does the issuer have?

An issuer can require its approval of each listing and can switch off secondary trading for an offering. Frozen wallets cannot trade, and resale prices are capped at NAV.

Which networks are supported?

The P2P secondary market is live on Base mainnet and Ethereum mainnet. Other chains are coming.

Give your investors a way to resell.

Talk to us about enabling the P2P secondary market for your offerings.

About ERC-3643