DRW denied being an investor in OPNX, founded by 3AC executives, after the exchange said on Twitter it invested along side others.
The crypto exchange founded by Su Zhu and Kyle Davies following the collapse of their hedge fund Three Arrows Capital (3AC) revealed several investors today, but at least one has denied any involvement.
“DRW is not an investor in OPNX, nor are any of its affiliates investors in OPNX,” a spokesperson for the firm told The Block via email.
The firm’s investors were initially questioned by BlockTower CIO Ari Paul.
OPNX had shared in a tweet thread that its backers included firms like Taiwanese venture capital firm AppWorks and high-frequency trading firm Susquehanna,. Other investors announced named in the thread include: MIAX Group, a U.S. equity options exchange; the Hong Kong unit of China Merchant Bank; Token Bay Capital, a Hong Kong investment fund; the VC firm Nascent; and Tuwaiq, a Saudi Arabian digital asset fund.
OPNX CEO Leslie Lamb did not immediately respond to request for comment from The Block.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
Source: https://www.theblock.co/post/227651/drw-3ac-investment-vc-venture-capital-opnx?utm_source=rss&utm_medium=rss