May 2026

Introduction

Over the past several weeks, secondary markets for private company stock have surged back into the spotlight. High-profile issuers like Anthropic and SpaceX are reportedly seeing active demand for “secondary exposure” through special purpose vehicles (SPVs), forward contracts, and other synthetic structures.1 For…

Part 1 of 4: Why Most FinTechs Start with MSB and Money Transmitter Licenses

Series Overview

This article is Part 1 of a four-part series, Fastest Route to Market: Licensing Roadmaps for FinTechs. The series will trace the main licensing paths available to FinTechs seeking…