Private markets,
plainly spoken.
A consistent language for the index, your position and the infrastructure around HECTX.
- 01HECTX
- The index unit issued against the governed Hecto private-markets portfolio and recognized cash.
- 02HECTX composition
- The global portfolio that defines what every HECTX unit references. It is separate from an investor’s personal balance.
- 03NAV
- Net asset value: the recognized portfolio value after applicable adjustments.
- 04NAV / HECTX
- The published primary issuance value for one HECTX unit.
- 05Market price
- The price quoted for HECTX on a secondary venue. It can differ from published NAV.
- 06Premium
- The percentage by which a venue price is above NAV / HECTX.
- 07Discount
- The percentage by which a venue price is below NAV / HECTX.
- 08Mint
- Primary issuance of HECTX after recognized funding and a confirmed NAV-based quote.
- 09Pre-IPO
- A company that remains privately held and has not completed an initial public offering.
- 10Cash sleeve
- Recognized cash or stable-value assets included in the portfolio NAV calculation.
- 11Liquidity pool
- A smart-contract or ledger venue where paired assets support exchange liquidity in return for pool rewards and fees.
- 12Canton
- The privacy-enabled network used for HECTX issuance, balances and settlement workflows.