PE Trading Platform Entropy Raises $14M, Launches Anthropic Liquidity Market

The notable part is not the raise but the venue: a dedicated secondary market for a single private company's shares, aimed at the liquidity problem that has long kept private equity stakes illiquid. If this model works, it points toward tokenized private assets as infrastructure rather than novelty. What remains open is whether such single-name markets can attract enough two-sided flow to produce credible pricing, and whether the tokenization framing adds real settlement efficiency or is largely presentational.