WhiteBIT-Linked W Group Backs SwapGlobal’s Pre-IPO Derivatives Plan

W Group, the fintech group behind crypto exchange WhiteBIT, has joined Dutch investor Marcel Boekhoorn and Amsterdam-based Kenzoll Capital in backing SwapGlobal, a U.S. provider of over-the-counter derivatives for institutional clients. SwapGlobal announced the funding Friday, Oct. 23, at 11:59 a.m. ET (15:59 UTC). The amount was not disclosed. The capital is intended to support trading operations and working capital while expanding SwapGlobal’s capacity to serve institutional customers such as hedge funds and asset managers. SwapGlobal is preparing its first transactions involving pre-IPO shares. Its expansion plans also include non-U.S. equities, computing capacity and digital assets.

Also reported by NewsBTC.

Source: TokenPost