Last week at @Cointelegraph CONNECT in Singapore, our CFO @nabais_andre joined the panel on crypto’s exit problem.
According to Carta, more than half of 2019 venture funds still haven’t returned a dollar. André’s view is that an exit only counts when holders walk away with cash they can use. A thin token, a locked IPO and an acquisition paid in stock you can’t move don’t count.
Founders who leave liquidity until the unlock are already late.
Thanks @reason8eth, @pg_gpt, @al_nechaev and @The_SoniaShaw 🙌
Private markets are heading to $65T, yet less than 2% changes hands in a year.
Today at @token2049 , @Omar_Shakeeb took the Bit Digital Stage with "Private Markets: $65T Held Hostage". The main takeaways:
1️⃣ The pressure is structural, not cyclical. 2019 VC funds have returned 4-20¢ per $1 LPs put in, and exits keep getting further away. The answer isn't a better exit window; it's liquidity investors can take along the way.
2️⃣ Illiquidity is a cost problem more than a buyer problem. One transfer takes 30-90 days and $25k-$150k in legal and process costs, whatever the stake size, so smaller positions never move. Tokenization makes settlement programmable, and AI can handle the paperwork that used to take lawyers weeks, so that cost can finally come down.
3️⃣ A listing alone isn't liquidity. Most of the work is in approvals, docs and settlement, and none of it works without the company on board. The infrastructure has to be built with issuers, not around them.
4️⃣ Once liquidity flows, holders stop betting everything on one exit, and secondaries show where capital is heading well before the headlines do.
Thank you, #TOKEN2049 for having us. 🇸🇬
Catch our co-founder @nabais_andre at @Cointelegraph CONNECT in Singapore this Friday, 9 October, talking about the move every investor needs to plan: the exit. 👀
Crypto investing doesn’t end when the check is written.
At CONNECT Singapore, the conversation turns to exits, liquidity and how crypto investors ultimately turn their investments back into returns.
• @nabais_andre, Co-Founder & CFO, @Second_Lane
• Pulkit Gupta, Investment Research, @NomadCapital_io
• @al_nechaev, Partner & Head of DeFi & DA, @FundersVC
• @The_SoniaShaw, CEO, @OneAsset_io
Oct. 9 | Singapore
See you there: luma.com/q23fn0vw
We're heading to Singapore for @token2049 🇸🇬
Our CEO & co-founder @Omar_Shakeeb takes the stage to talk about private markets: a $65T asset class in the making that barely moves. Why it's stuck, and what it takes to unlock liquidity.
🎤 Private Markets: $65T Held Hostage
📍 Bit Digital Stage, Level 5, Marina Bay Sands
📅 8 October, 4:15pm
@miguelnabais and @nabais_andre will be joining him there. If secondaries are on your mind, we'd love to meet. Reach out to set up time.
#TOKEN2049
Our CEO @Omar_Shakeeb is speaking at the Agentic Finance Summit by @moreandmorebdduring during TOKEN2049 Singapore week. 🎤
He joins leaders across finance and technology to discuss how AI agents are reshaping payments, trading and financial infrastructure. If AI is part of your 2027 strategy, this is the room.
📍 Suntec Singapore, 8 Oct, 14:00-20:00
luma.com/8oxs8lco
Three of our co-founders are heading to LA next week for the All-In Summit, and will be meeting with the people moving private markets. If secondaries are on your mind, reach out to @Omar_Shakeeb, @miguelnabais, or @nabais_andre to set up time.
SecondLane retweeted
Cointelegraph CONNECT lands in Singapore on Oct. 9 during TOKEN2049 week.
CONNECT: Singapore brings together leaders across the Web3 ecosystem who are building and shaping what comes next.
Featured speakers:
• @MikeSilagadze, CEO, @ether_fi
• Alex Pack, Managing Partner, @hack_vc
• @MiguelMorel, CEO, @arkham
• @_MinTeo, Managing Partner, @etherealvc
• @ShiliangTang, CEO, @monarq_mgmt
• @ashtokyo, CCO, @Mercuryo_io
• @nabais_andre, Co-Founder & CFO, @Second_Lane
• @frank_liquid, CEO, @liquidtrading
• Ilya Podoynitsyn, FinHarbor
More speakers to be announced soon.
Applications are open: luma.com/q23fn0vw
You can have all the money and still get shut out of the best AI companies.
Passport now beats price. @Omar_Shakeeb explains why 👇
secondlane.io/insights/geopo…
Everyone loves a 10x. The problem starts when it stays on paper because no one knows when to sell.
@OmarShakeeb on how “wait-and-see” has killed $1B funds, becoming one of the most expensive habits in fund management 👉secondlane.io/insights/wait-…
Singapore, New York, London, and now Napa Valley!!
So grateful to everyone who joined us for our SecondLane dinner during @theallinpod Liquidity Summit.
A special thank you to @Jason Calacanis and @JakePaul, and to all the investors, founders, and friends who made the evening memorable.
Another step in bringing private market conversations closer to real liquidity.
Our CBDO & Co-Founder @miguelnabais is in San Francisco next week, meeting with founders, teams, VCs, exchanges, brokers, and operators across the investment ecosystem.
If you’re around from 3–5 June and want to discuss private market access or structured liquidity, please reach out.
Pre-IPO markets are getting weirder, faster, and more interesting.
Our CEO @Omar_Shakeeb spoke to @TheBlockCo about SpaceX, pre-IPO perps, and why new pricing signals are emerging where private market liquidity is still hard to access.
Read it here 👇
theblock.co/post/401570/spac…
SecondLane announces a new leadership structure, with @Omar_Shakeeb appointed CEO as the company enters its next phase of growth.
More on the full leadership team update: secondlane.io/insights/press…
“While our roots are in digital asset private markets, the opportunity across private markets broadly is significant, and growing. Liquidity remains constrained across every segment, and institutional expectations are rising fast. We are building a stronger, more scalable company to meet that moment: the leadership, credibility, commercial reach, operating discipline, and regulatory foundations to go the distance", said Omar-Shakeeb Zahir.
Excited to finally share our new report with @Delphi_Digital!
“Evolution of Digital Asset Secondary Markets” is now live, diving into the trends and dynamics shaping digital asset secondaries.
Special thanks to @3xliquidated for collaborating on the data behind this!
Our new report “Evolution of Digital Asset Secondary Markets” is now Live!
Most tokens that launched in the past few years are now trading below their last private round valuations.
Based on proprietary data from @Second_Lane, secondary token opportunities priced at a discount to last round climbed from 52% in Q1 2024 to 69% through 2025. The bottom decile is now offered at 60% off or worse.
The easy read is that this is a bear market. Post launch disappointments are real, unlocks are heavy, and sentiment is close to historical lows.
But the discounts are exposing something underneath the cycle, something many of us have intuitively started to notice as market participants.
In earlier cycles, holding a token meant participating in the growth of the underlying network. That model ran into regulatory walls, so projects fell back on indirect value accrual mechanisms like DAO governance, buybacks, and staking rewards.
These structures are flexible, but they are difficult to enforce and add layers of complexity between the asset and the cash flows it's supposed to represent. Confidence in tokens as a value capture instrument eroded along with price.
The clearest evidence this is structural rather than cyclical is that not everything is discounting. Equity-heavy sectors are trading at premiums to last round right now. Tech Development, CeFi, and Wallet names are pricing between +3% and +19%. Token-heavy sectors like DeFi and Blockchain Infrastructure are discounting 8% to 16% over the same window.
Additionally, equity opportunities dominate larger ticket secondary opportunities and command a nearly 2x premium to token opportunities on average.
Tokens aren't cheap because crypto is in a bear market. They're cheap because the market has decided equity is a better way to capture value.
We firmly believe no padel game in the industry should happen without the SecondLane team there. Jk, obv.
Anyway, thanks @Maven11Capital and @keyrock for having us at Sunday Padel Club!
When @mBTCPiz shared this internally, we debated whether we should even publish it, since it’s basically the playbook: secondlane.io/insights/invis…
Anyways, here’s how we AI-enable our systems and processes to detect liquidity early and convert market noise into pricing signals the final part of Laying the Foundation for Autonomous Private Capital.
Part II of our series on how autonomous agents are rebuilding private capital infrastructure just dropped inside our closed community. It breaks down how to remove the human bottleneck and design a dark factory back office that scales AUM without scaling headcount. Sign up to get Part II: secondlane.io/sign-up/
👉Catch up on the foundational layer required before agents can actually move capital at the speed of code, and why prompt engineering alone won’t get you there: secondlane.io/insights/auton…


















