JPMorgan Chase is taking a stake in a non-public inventory buying and selling platform with hyperlinks to Palantir to spice up the financial institution’s efforts to attach patrons and sellers of scorching pre-IPO firm shares, CNBC has discovered.

The financial institution’s funding in Zanbato, a Mountain View, California primarily based fintech start-up, is about to be introduced Monday, based on individuals with data of the matter. Zanbato was co-founded in 2010 by Joe Lonsdale, the entrepreneur who additionally co-founded knowledge analytics agency Palantir.

The transfer is the primary in a sequence of investments JPMorgan might make in buying and selling venues and exchanges that assist the financial institution entry knowledge and costs within the burgeoning and fragmented marketplace for personal firm securities, based on Andrew Tuthill, international head of personal market equities.

Within the six months since JPMorgan started buying and selling the inventory of personal corporations — a market that features big personal firms like SpaceX, Robinhood and Stripe — the brand new enterprise has…