Buying direct pre-IPO shares through Hiive: how do escrow, settlement, and ownership verification work?

Hi everyone, I’m trying to better understand how platforms like Hiive work for buying shares of private companies before an IPO, especially when the buyer is looking for direct shares rather than exposure through an SPV, fund, forward contract, or other indirect structure. I’m not asking for personal financial advice, but more for general insight from people who have experience with private secondary transactions. A few questions: Due diligence by the platform How much verification does Hiive ty