Xclaim Raises $7 Million in Round A Financing for Bankruptcy Claims Trading Platform

04/11/2023 13:04 • Digital Disruptors • 89 views

According to reports, Xclaim, a bankruptcy claims trading platform, has completed a round A financing of $7 million. Xclaim allows for the trading of major bankruptcy creditor claims, including FTX, Genesis, and BlockFi. At present, the claim price for FTX is 19 cents, higher than the 13 cents earlier this year, while Genesis is is 52.5 cents and BlockFi is 18 cents.

Bankruptcy claims trading platform Xclaim completes a round A financing of $7 million

Introduction

Xclaim, a bankruptcy claims trading platform, recently raised $7 million in round A financing. The platform allows for the trading of major bankruptcy creditor claims, including FTX, Genesis, and BlockFi. As of now, the claim price for FTX is 19 cents, higher than the 13 cents earlier this year, while Genesis is 52.5 cents and BlockFi is 18 cents.

Understanding Xclaim

Xclaim is a platform that enables the trading of bankruptcy creditor claims. The platform is designed to bring transparency and efficiency to the bankruptcy asset market. With Xclaim, investors can buy and sell bankruptcy creditor claims easily and quickly.

How Xclaim Works

The platform works by collecting bankruptcy claims for creditors and then assigning them to investors. Investors can purchase these creditor claims in a transparent and efficient manner, with the added benefit of being able to track their claims in real-time. Xclaim’s proprietary technology ensures that all transactions are secure, and provides users with a seamless experience from start to finish.

Round A Financing

Xclaim’s recent round A financing raised $7 million in funding. The funding will be used to continue to develop the platform and expand Xclaim’s operations. This announcement is a positive sign for the bankruptcy asset market, which has seen significant interest from investors in recent years.

Benefits of Using Xclaim

Xclaim offers several benefits for investors and creditors alike. First and foremost, the platform provides transparency and efficiency to the bankruptcy asset market. This enables investors to make informed decisions about their investments, and provides creditors with an easy and secure way to sell their claims.
Another benefit of using Xclaim is the speed at which transactions can take place. Thanks to Xclaim’s proprietary technology, investors can buy and sell claims quickly and easily. This means that investors are able to take advantage of market opportunities in real-time, without having to wait for a lengthy settlement process.

Conclusion

Xclaim’s recent funding announcement is a positive sign for the bankruptcy asset market. The platform’s focus on transparency and efficiency is a welcome addition to the industry, and the speed at which transactions can take place is sure to be of interest to investors. With Xclaim, the process of trading bankruptcy creditor claims has never been easier or more secure.

FAQs

1. What is Xclaim?
Xclaim is a platform that enables the trading of bankruptcy creditor claims, providing transparency and efficiency to the bankruptcy asset market.
2. How does Xclaim work?
The platform collects bankruptcy claims for creditors and assigns them to investors in a transparent and efficient manner, with the added benefit of being able to track claims in real-time.
3. What are the benefits of using Xclaim?
Xclaim provides transparency and efficiency to the bankruptcy asset market, enables fast transactions, and provides investors with the ability to take advantage of opportunities in real-time.

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