SecondMarket.com is revolutionizing markets. Big things happening here! As of June they were managing $25 Billion in illiquid assets according to the Dan Rather interview. Centralize it! SecondMarket is a global platform for liquidity with competitive bids for illiquid assets. From their website, SecondMarket trades asset backed securities, auction rate securities, bankruptcy claims, collateralized debt obligations, limited partnership interests, private company stock (also see StockTwits "Private Ticker"), mortgage backed securities, bankruptcy claims, restricted securities, whole loans and soon to come, 363 bankruptcy sales, condo hotels, private REITs, and trust preferred securities (TRuPS).
Watch Dan Rather interview SecondMarket CEO, Barry Silbert - SecondMarket