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

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

Additionally, OPNX will acquire all of CoinFLEX's assets, including people, technology, and tokens. FLEX will be their primary token. Possible rebranding: Will be swapped 1:1 (no lockup), similar to the AAVE/LEND rebrand. OPNX will group similar bankruptcy claims and tokenize them, which will be traded on an order book exchange. OPNX will allow perpetual contracts to be traded on primary assets with bankruptcy claims as collateral.

Earlier, ChainCatcher reported that CoinFLEX's reorganization application had been approved by the Seychelles Court. (Source link)