NEW YORK, NY – April 28, 2026 – (KOREWIRE) — KoreInside, a leading capital markets infrastructure and captech platform, today announced that it has entered into a definitive memorandum of understanding to acquire 100% of Pando RWA Inc. (“PandoAlts”), a technology platform focused on enabling distribution, access, and operational connectivity across private markets.
This transaction marks a major milestone in Kore’s evolution into the operating system for private capital markets, combining institutional-grade infrastructure with a scalable distribution and execution layer.
Solving the Biggest Problem in Private Markets: Fragmentation
Private capital markets today remain highly fragmented, with participants facing:
● multiple onboarding processes
● disconnected systems across intermediaries
● limited access to private investment opportunities
Both Kore and PandoAlts have spent years working with the buy side and sell side of the market, and the message has been consistent:
The market wants a single onboarding experience and seamless access to private investments.
With this transaction, that vision becomes reality.
A Combined Platform at Institutional Scale
Through this acquisition, Kore strengthens its position with:
● $11.2 trillion in AUM represented across 135 firms within its infrastructure ecosystem
● Direct integration of a distribution layer connecting issuers, investors, broker-dealers, and wealth managers
● A unified platform that enables access, compliance, execution, and engagement in one environment
What PandoAlts Brings
PandoAlts has built a modern connectivity and execution platform for alternatives, including:
● A comprehensive Alternatives Security Master across private markets
● AI-powered document parsing for capital calls, distributions, valuation updates and reporting
● Agentic Document extraction on behalf of allocators with major platforms including eFront, Allvue, Intralinks, and CITCO
● A flexible open API architecture configurable to all major portfolio management systems such as Black Diamond, Addepar, Orion, Tamarac etc…
● First-of-its-kind Execution Management System (EMS) and indication-of-interest platform enabling institutional demand aggregation across private markets.
Pando’s platform is designed as a neutral, multi-participant network, connecting asset managers, broker-dealers, wealth managers, and service providers within a single system.
Strategic Impact: Infrastructure + Distribution
“This is a defining moment for Kore,” said Oscar A. Jofre, Co-Founder and CEO of KoreInside.
“We are adding distribution to our compliance, identity, and funding platforms. Distribution enables new sources of revenue, attracts new platform participants, and accelerates adoption across everything we’ve built.”
“With Pando, we move from being infrastructure to being embedded directly at the point of transaction — unlocking real growth across the ecosystem.”
Founder Perspective
“We’ve been looking for the right partner to bring real, scalable solutions to market,” said Ralph ‘Cash’ Lafferty, CEO of PandoAlts.
“We built an incredible company, and KoreInside recognized the potential to scale it through distribution across a much larger infrastructure.”
“Both Kore and Pando have been listening closely to the buy side and the sell side. The message has been clear — they want a single onboarding experience and access to private markets. With this combination, that goal is now achieved.”
A New Category Leader in Private Markets
The combined platform creates a powerful alignment of:
● Infrastructure (Kore)
● Distribution (PandoAlts)
● Execution (Integrated platform and team)
Together, this positions KoreInside as a category-defining platform capable of:
● driving adoption of private market investments
● simplifying participation across the ecosystem
● enabling global access to real-world assets and private capital opportunities
About KoreInside
KoreInside is the infrastructure company for private capital markets, delivering clearing, settlement, distribution, and compliance as neutral, non-competitive infrastructure for regulated intermediaries. Architected as the DTCC-equivalent for private markets, KoreInside powers broker-dealers, ATSs, funding portals, transfer agents, banks, credit unions, and RIAs through white-label, API-first platforms. Its core infrastructure includes KoreID, an interoperable investor and issuer identity passport, and KoreChain, the first SEC-qualified blockchain for private securities, enabling scalable, compliant, and auditable private market transactions.
About PandoAlts
PandoAlts is a connectivity, order and execution management platform for private markets, enabling wealth managers, asset managers, broker-dealers, and service providers to operate within a unified infrastructure for alternative investments.
Media Contact:
Katie Johnson
VP IR
NEW YORK, NY – April 28, 2026 – (KOREWIRE) — KoreInside, a leading capital markets infrastructure and captech platform, today announced that it has entered into a definitive memorandum of understanding to acquire 100% of Pando RWA Inc. (“PandoAlts”), a technology platform focused on enabling distribution, access, and operational connectivity across private markets.
This transaction marks a major milestone in Kore’s evolution into the operating system for private capital markets, combining institutional-grade infrastructure with a scalable distribution and execution layer.
Solving the Biggest Problem in Private Markets: Fragmentation
Private capital markets today remain highly fragmented, with participants facing:
● multiple onboarding processes
● disconnected systems across intermediaries
● limited access to private investment opportunities
Both Kore and PandoAlts have spent years working with the buy side and sell side of the market, and the message has been consistent:
The market wants a single onboarding experience and seamless access to private investments.
With this transaction, that vision becomes reality.
A Combined Platform at Institutional Scale
Through this acquisition, Kore strengthens its position with:
● $11.2 trillion in AUM represented across 135 firms within its infrastructure ecosystem
● Direct integration of a distribution layer connecting issuers, investors, broker-dealers, and wealth managers
● A unified platform that enables access, compliance, execution, and engagement in one environment
What PandoAlts Brings
PandoAlts has built a modern connectivity and execution platform for alternatives, including:
● A comprehensive Alternatives Security Master across private markets
● AI-powered document parsing for capital calls, distributions, valuation updates and reporting
● Agentic Document extraction on behalf of allocators with major platforms including eFront, Allvue, Intralinks, and CITCO
● A flexible open API architecture configurable to all major portfolio management systems such as Black Diamond, Addepar, Orion, Tamarac etc…
● First-of-its-kind Execution Management System (EMS) and indication-of-interest platform enabling institutional demand aggregation across private markets.
Pando’s platform is designed as a neutral, multi-participant network, connecting asset managers, broker-dealers, wealth managers, and service providers within a single system.
Strategic Impact: Infrastructure + Distribution
“This is a defining moment for Kore,” said Oscar A. Jofre, Co-Founder and CEO of KoreInside.
“We are adding distribution to our compliance, identity, and funding platforms. Distribution enables new sources of revenue, attracts new platform participants, and accelerates adoption across everything we’ve built.”
“With Pando, we move from being infrastructure to being embedded directly at the point of transaction — unlocking real growth across the ecosystem.”
Founder Perspective
“We’ve been looking for the right partner to bring real, scalable solutions to market,” said Ralph ‘Cash’ Lafferty, CEO of PandoAlts.
“We built an incredible company, and KoreInside recognized the potential to scale it through distribution across a much larger infrastructure.”
“Both Kore and Pando have been listening closely to the buy side and the sell side. The message has been clear — they want a single onboarding experience and access to private markets. With this combination, that goal is now achieved.”
A New Category Leader in Private Markets
The combined platform creates a powerful alignment of:
● Infrastructure (Kore)
● Distribution (PandoAlts)
● Execution (Integrated platform and team)
Together, this positions KoreInside as a category-defining platform capable of:
● driving adoption of private market investments
● simplifying participation across the ecosystem
● enabling global access to real-world assets and private capital opportunities
About KoreInside
KoreInside is the infrastructure company for private capital markets, delivering clearing, settlement, distribution, and compliance as neutral, non-competitive infrastructure for regulated intermediaries. Architected as the DTCC-equivalent for private markets, KoreInside powers broker-dealers, ATSs, funding portals, transfer agents, banks, credit unions, and RIAs through white-label, API-first platforms. Its core infrastructure includes KoreID, an interoperable investor and issuer identity passport, and KoreChain, the first SEC-qualified blockchain for private securities, enabling scalable, compliant, and auditable private market transactions.
About PandoAlts
PandoAlts is a connectivity, order and execution management platform for private markets, enabling wealth managers, asset managers, broker-dealers, and service providers to operate within a unified infrastructure for alternative investments.
Media Contact:
Katie Johnson
VP IR
