The US Department of Defence (DoD) will launch its Trusted Capital Marketplace (TCM) initiative in December to match US technology firms in need of investment with investors without ties to adversarial nations (such as Russia and China).
Under TCM, an electronic marketplace will be set up to pair up cleared investors and US Aerospace and defence companies in need of investment. The DoD will be involved in matching up US businesses with investors that have been shown to not have ties to adversarial nations.
While plans are underway for a change in administration, officials within the Defense Department still have several goals they’d like to achieve. Among those is implementation of the “Trusted Capital Marketplace,” Ellen Lord, undersecretary of defense for acquisition and sustainment said.
The Trusted Capital Marketplace project is a department effort meant to both support the defense industrial base and limit adversary nation access to American technology. The effort is in response to a mandate by Congress laid out in the 2018 National Defense Authorization Act.
In the past, the US has blocked investment from companies linked to China for fear of them controlling high tech products that go into the defence eco-system.