Introduction

The Monark Markets API suite enables our brokerage platform partners to offer users access to a curated marketplace of private asset investments. Our API provides a comprehensive suite of endpoints that handle the entire lifecycle of private market investing, from initial questionnaires to final investment execution through SPVs (Special Purpose Vehicles) in partnership with Sydecar.

The APIs are designed with flexibility in mind, allowing brokerage platforms to seamlessly integrate private market offerings into their existing user experience while maintaining full control over UI/UX decisions.

Fundamental Objects

The different objects, resources, and their respective roles in Monark's product are described below. Currently, Monark only supports investment late stage private ("Pre-IPO") companies.

Role	Description and Functionality
Partner	Partners represent brokerage platforms or clearing firms that integrate directly with Monark APIs. Partners are the primary users of our API and provide Investors with access to the private asset marketplace, either through direct relationships with Investors or through B2B relationships with Financial Institutions.
Financial Institution	Financial Institutions represent the broker-dealer, RIA, or FFI that holds a direct relationship with the Investor. Monark requires that Investors be associated with a Financial Institution upon creation.
Questionnaire	Questionnaires are customizable sets of questions that Partners can present to their users. They're used for gathering investment preferences and qualifications.
Indication of Interest	Allows investors to submit non-binding indications of interest to invest in specific companies. Used to gauge demand before sourcing shares and creating investment vehicles.
Investor	Represents individual or entity investors from Partner platforms. Contains essential user information and accreditation status. Access to investor information is secured to ensure Partners can only access their own investors' details.
Investor Subscription	Represents an Investor's investment in a specific SPV. Tracks the investment amount and status of the Subscription.
Pre IPO Company	Describes the private company that Investors will be getting exposure to by investing in a Pre IPO Company SPV. Monark is partnered with Sacra to provide Pre IPO company information and research Ex. SpaceX, OpenAI, Anthropic etc.
Investor Subscription Action	Describes the list of actions, associated with an Investor Subscription, that need to be taken in order for an investor's Subscription in an SPV to be completed.
Pre IPO Company Investment	This object contains the details of the investment that is made by the SPV in the underlying PreIPOCompany, either by holding direct shares or via another SPV. It is important to note that Investments do not represent an investor's holdings in an SPV. Instead, an Investment represents the shares an SPV holds in a Pre-IPO Company, and contains details specific to those shares.
Pre IPO Company SPV	The Special Purpose Vehicle or “SPV” is the actual investment vehicle that Investors will subscribe to. Monark is partnered with Sydecar to provide Partners with a programmatic, API forward fund admin solution, including SPV creation, tax form creation and distribution, and ongoing fund administration services.

Data Access Patterns

The Data Access Patterns page provides details on how different user types - Partners, Investors, and the Monark system - interact with and access the system's data.

Set Up and Access

For Setup and API Access go to Getting Started.

Technical Notes

Relationships and Dependencies

The Relationships and Dependencies page provides an in-depth look at the interactions between entities such as investors, partners, and private companies within Monark Markets' Primary Offering API. It highlights how these relationships drive investment activities through structured workflows, from onboarding and qualification to execution and management.

State Transitions

The Status Transitions page outlines the progression of key components, including SPVs (Special Purpose Vehicles) that facilitate pooled investments, Subscriptions (investments made by investors into SPVs), and Investors.

Webhooks

See Webhooks.

Disclosure and Disclaimer

The information contained herein is provided for general informational purposes only and does not constitute legal or financial advice. No one should act, or refrain from acting, based solely on the content of this information without first seeking appropriate professional counsel specific to their individual needs. Use of or reliance on any information provided is solely at your own risk. Neither the provider nor any affiliated parties assume liability for actions taken based on the information contained herein. Always consult with qualified professionals regarding any legal or financial matter.