507 Capital co-founder Thomas Braziel to launch crypto investment advisory and brokerage firm 117 Partners

Binance News · 2023-07-10T11:24:14.000Z

According to the Daily Planet, Thomas Braziel, co-founder and managing partner of 507 Capital, is forming a new entity, 117 Partners, to expand its business scope from buying bankruptcy claims to brokerage and consulting work in the cryptocurrency field. It is reported that 507 Capital began to acquire the bankruptcy claims of Mt. Gox in 2015, and has since been committed to bankruptcy and restructuring business, including cases such as Cred Inc., Quadriga, 3AC, Celsuis and FTX. Braziel said the new brand, 117 Partners, will be more of a hybrid of advisory and investing, "because we will be doing advisory, brokerage and direct transaction work."

According to the Daily Planet, 507 Capital co-founder and managing partner Thomas Braziel is launching a new entity, 117 Partners, to expand its business from purchasing bankruptcy claims to brokerage and advisory work in the cryptocurrency space.
It is reported that 507 Capital began to acquire Mt. Gox bankruptcy claims in 2015 and has since been committed to bankruptcy and restructuring business, including cases such as Cred Inc., Quadriga, 3AC, Celsuis and FTX.
Braziel said the new brand, 117 Partners, will be more of a hybrid of advisory and investing, “because we will be doing advisory, brokerage and direct trading.”