Why The Largest Banks Want Your FTX Claims | Matt Sedigh Explains How Bankruptcy Market Works

XClaim is a marketplace that connects bankruptcy claim holders with potential buyers. They recently made the news when it was announced that FTX claims were trading at 13 cents on the dollar. In this episode, Matt Sedigh, founder of XClaim, explains how this market works, why claims will be tokenized, and who the biggest buyers of bankrupt crypto companies claims are.

Matt Sedigh: https://www.linkedin.com/in/matinsedigh

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#Bitcoin #Crypto #Trading

Timestamps:

0:00 Intro

0:52 What is Xclaim

1:58 Crypto bankruptcies

3:15 Business model

5:40 FTX case

7:00 Voyager

9:20 How people find out about Xclaim

10:40 Trading claims

13:18 How price of Bitcoin influences the price of the claims

17:30 Tokenizing claims

21:10 Distressed assets players

24:25 Crypto native funds trading claims

25:20 $35 billion of funds locked

26:00 Genesis claims

27:22 Lack of regulation

31:20 Fraud is still legal

34:50 Price discovery

35:55 Use cases for claims

37:26 Bankruptcy claims & tokenization

40:45 Is contagion over?

43:55 Claims business is huge

45:40 Wrap up

The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.