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Three Arrows Capital Co-Founders Seeking Funds For Claims-Focused Crypto Exchange

The founders of cash-beleaguered crypto hedge fund Three Arrows Capital “3AC” and crypto exchange CoinFlex are looking to raise $25M “ASAP” to trade claims for traders through a newly launched crypto exchange called GTX.

In a tweet, crypto-focused news reporter Wu Blockchain wrote that “GTX hopes to unlock the 20 billion crypto claims market; fill the empty in the cryptocurrency market after FTX left; and enter the 2 trillion stock securities lending market.”

Wu further noted that he had confirmed the news with 3AC co-founder Su Zhu who noted that they were “just building it” declining to comment further.  According to two pitch decks seen by Crypto Basic, GTX aspires to “lead the global progression towards greater financial transparency, liquidity and certainty” by making stocks, crypto and claims trading available under one platform  

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