WhiteBIT’s W Group Backs SwapGlobal’s Push Into Pre-IPO Derivatives

W Group, the ecosystem behind crypto exchange WhiteBIT, has invested in derivatives provider SwapGlobal. The October 23 announcement disclosed no deal value and said the company’s first pre-IPO transactions were being prepared.
TL;DR: SwapGlobal is preparing institutional pre-IPO derivatives with backing from W Group. The planned exposure would convey a contractual payoff, without ownership of shares.
WhiteBIT names Marcel Boekhoorn and Amsterdam’s Kenzoll Capital as fellow backers. Funding