Andrew Glantz, Xclaim’s chief strategy officer, said three claims transactions have been confirmed following Genesis’ bankruptcy filing, with an average value of more than $1 million, between 25% and 35% of face value.
A $4 million claim was sold to Jefferies Leveraged Credit Products LLC, according to a filing Tuesday.
It is reported that Xclaim is a platform that focuses on providing trading encrypted claims. In previous news, on January 20, Genesis and its lending subsidiary filed for Chapter 11 bankruptcy.