For buyers

Assetmarket gives buyers a way to evaluate software before starting a full acquisition process.

You can read public data, watch market activity, unlock deeper operating information, and submit an offer only when you are ready to make a real commitment. If the deal closes, you get 90-day technical handover support.

What buyers usually care about

• Can I see enough before committing? Public listing data is free.
• Is the price real? The market trades before you submit an offer.
• Can I see deeper data? Protected data opens after a 1% listing position, a signed NDA, and identity verification inside the NDA flow.
• Can I start a real acquisition? Offer eligibility starts at 2% plus a term sheet.
• Can I operate the software after closing? Every acquisition includes 90-day technical handover support.

What you can see for free

You do not need a listing position to review public listing data.

Public data can include:

• Product description.
• MRR or ARR summary.
• Growth direction.
• Tech stack.
• Ownership and revenue verification badges.
• Market price, available reserve, volume, participant count, and trading history.

This is enough to decide whether a listing deserves deeper research.

When a position is required

Position thresholds are commitment filters.

Step	Requirement	What it gives you
Public research	None	Public listing profile and market activity
Protected data	1% listing position + signed NDA with identity verification	Deeper revenue, customer, and operating data
Offer eligibility	2% listing position + signed term sheet	Ability to submit an offer

Holding 2% does not submit an offer by itself. It only makes you eligible.

Thresholds are based on the current listing position size. The exact amount needed for 1% or 2% can change as other people trade. Your own buying can also move the market price.

Protected data

Protected data is designed to answer the question: where does the money come from, and where does it go?

Identity verification in this step is part of the NDA signing flow. Assetmarket uses it only when protected data is shared, so the NDA has an identified signer.

For NDA identity verification, Assetmarket uses DocuSign ID Verification. Raw personal identity data is kept only for the active process and the 30 day dispute window, then deleted. The NDA record remains so the agreement can still be enforced.

It can include:

• Customer count.
• Churn and cohort summaries.
• Revenue breakdown.
• Infrastructure costs.
• Support burden.
• Key-person dependency.
• Developer updates and historical analytics.

Submitting an offer

When you submit a term sheet, Assetmarket checks the offer threshold and discovery window. If the checks pass, the listing enters the acquisition path.

The accepted market price becomes the purchase price used for the acquisition path and market participant payout. The seller can still reject before the asset purchase agreement is signed.

Earnest deposit

You may post an earnest deposit equal to 2% of the purchase price.

Choice	Result
Deposit posted	Exclusive DD. Other buyers cannot run DD on that listing while your path is active.
No deposit	Non-exclusive DD. Other eligible buyers can also submit offers.

If you close, the earnest deposit credits against the purchase price. If you stop after protected due diligence starts, the earnest deposit goes to the seller. If the seller rejects the offer before the asset purchase agreement, it returns to you.

Due diligence

Due diligence (DD) lasts 7 to 14 days. The seller sets the minimum. You choose the duration when you submit the offer.

DD can include:

• Financial DD: Stripe-backed revenue records, revenue breakdown, refunds, failed payments, customer concentration, payment geography, and related financial documents.
• Operating DD: customer cohorts, support load, infrastructure review, maintenance burden, legal and contract review, and verified seller identity.
• Handover preparation: domain, infrastructure, repository, account, and operating-context checklist.

Source code is not shared during DD. Source code access starts after closing during handover.

DD access is deeper than protected data, but it is still scoped to the acquisition process. Listing-specific documents control which files are shared, whether exports are allowed, and what customer data is redacted or aggregated.

Closing

After DD, you have a 5 business day target to fund escrow in USDC. The live app shows the required escrow amount.

The acquisition purchase price is fixed from the accepted market price. USDC already held in the listing reserve is used as part of market participant payout, so the buyer's net escrow amount can differ from the gross purchase price.

Assetmarket covers the standard legal and closing-service package for acquisitions completed through the platform.

Closing then covers:

1. Asset purchase agreement signature.
2. USDC escrow confirmation.
3. Code, domain, infrastructure, and account transfer.
4. Seller payout and market participant payout.
5. Handover and 90-day technical support.
6. Final acquired state.

If multiple non-exclusive DD paths exist, the first buyer to fund escrow can move into closing first.

Access by stage

Stage	What you can access	What stays closed
Public research	Public listing profile and market activity.	Protected operating data and source code.
Protected data	Deeper revenue, customer, and operating data after the position threshold, signed NDA, and identity check.	Source code and closing-only transfer materials.
DD	Financial, operating, legal, and handover materials for the acquisition process.	Source code repository access.
Closing	APA, escrow, transfer, and handover steps.	Anything outside the transaction documents.
Post-close	Code, accounts, infrastructure context, and 90-day technical support.	Ongoing seller support beyond the agreed handover.

What you receive

A completed acquisition is an asset sale. It is intended to include the software assets required to operate the product:

• Code repository.
• Domain and brand assets.
• Infrastructure and deployment context.
• Customer and operating data needed for handover.
• Product, support, and maintenance context.
• Seller handover support.
• Engineering support for the handover period.

The live listing and transaction documents define the final asset package.

90-day technical handover support

Most software deals assume the buyer can operate the codebase on day one. Assetmarket does not make that assumption.

Every completed acquisition includes 90-day support from an Assetmarket engineer matched to the acquired software's stack.

• Walk through the codebase, infrastructure, deployment path, and key accounts.
• Handle transition questions and urgent handover issues.
• Document the code, infrastructure, and operating process.
• Help turn seller knowledge into a runbook the next operator can use.

The handover plan defines production access, customer-data access, deployment authority, and response expectations.

Outside the support scope:

• Marketing, sales, or customer support owned by the buyer.
• Open-ended rebuilds or rewrites.
• Work on software not acquired through Assetmarket.
• Indefinite operational ownership after the 90 day window.
• Separate counsel, tax, accounting, infrastructure, or third-party costs outside the standard closing process.

Before submitting an offer

Before submitting a term sheet, check:

• Whether the market price still matches your view of the business.
• Whether protected data supports your acquisition thesis.
• Whether the discovery window has ended.
• Whether you want exclusive DD through earnest deposit.
• Whether source-code access timing works for your process.

For the full risk list, see Safety and risks.

Practical sequence

1. Read the public listing.
2. Watch price, available reserve, and participant distribution.
3. Build a 1% position if protected data is worth the commitment.
4. Sign the NDA and complete the NDA identity check.
5. Decide whether the listing is worth pursuing.
6. Build a 2% position if you want offer eligibility.
7. Submit a term sheet.
8. Choose DD length and decide whether to post earnest deposit.
9. Complete DD.
10. Fund escrow in USDC and close if the acquisition still makes sense.