Sources: The claims trading platform OPNX, founded by Su Zhu and others, may have completed a $25 million financing and will acquire all assets of CoinFLEX

2023-03-07 22:39:04

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ChainCatcher news, according to DeFi researcher @DefiIgnas, the public market for crypto claims trading and derivatives "OPNX," founded by Three Arrows Capital founders Su Zhu and Kyle Davies, has completed a financing deal, but the investors have not been disclosed. @DefiIgnas previously stated that OPNX is raising $25 million. Zhu Su retweeted this tweet.

Additionally, OPNX will acquire all assets of CoinFLEX, including personnel, technology, and tokens. FLEX will be their main token. A possible rebranding will involve a 1:1 exchange (no lock-up), similar to the AAVE/LEND rebranding. OPNX will group similar bankruptcy claims and tokenize them, with these tokenized claims traded on an order book exchange. OPNX will allow perpetual contract trading of major assets using bankruptcy claims as collateral.

Previously, ChainCatcher reported that CoinFLEX's restructuring application has been approved by the Seychelles court. (source link)

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OPNX Su Zhu CoinFLEX

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