Hiive Rebrands as Clarity, Expands Private-Share Marketplace — SkimNews
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- Clarity Group Inc. (formerly The Hiive Company Ltd.) rebranded Tuesday and is expanding offerings for institutional investors; CEO Sim Desai framed the change as a response to private-share markets' reputation for fragmented, opaque deals.
- Clarity facilitated US$2.8-billion of trades in the first eight months of 2025, up from US$2.2-billion in all of last year and US$300-million in 2023, and expects 2025 revenues to surpass US$100-million.
- Clarity completed a recent secondary that valued the 200-person platform at US$850-million; it counts 147 issuers including Kraken and 95% of "tier-1" venture capital firms among its users.
- Anthropic warned investors this year they aren't authorized to trade its stock on five platforms including Hiive, with transactions considered void — part of a broader push by issuers including OpenAI to restrict secondary trading on private platforms.
- Nasdaq Private Market LLC sued Clarity this year alleging patent infringement over a patent granted in March by the U.S. Patent and Trademark Office; Desai called the claim "baseless, frivolous" and Clarity is seeking to invalidate the patent.
- Clarity rejected 70% of requests to list special-purpose vehicles holding shares in specific companies, citing its SEC-registered broker-dealer status and shareholder-agreement compliance framework.
Why it matters: With US$106-billion of secondaries in 2025 dwarfing the US$120-million of public listings, Clarity's bet on standardizing a fragmented private-share market now collides with hot issuers like Anthropic and OpenAI actively blocking trades — a gatekeeping fight that will determine whether the Vancouver platform keeps its US$2.8-billion trading momentum as it courts institutional capital at a US$850-million valuation.
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