A digital marketplace to trade bankruptcy claims as a modern asset class.
XCLAIM has built the first digital marketplace through which creditors to corporate bankruptcies can offload their risk by selling their claims to institutional investors.
There are approximately $40 billion of bankruptcy claims traded every year, by phone and email, all behind an opaque and confusing process. XCLAIM is bringing transparency to a huge market and offering liquidity to many creditors that don’t realize they have a sellable asset.
“It’s not often that an opportunity arises to revolutionize an entire financial market. We started XCLAIM to build an enduring company and solve for the inefficiencies plaguing all market participants.”
Matthew Sedigh, CEO of XCLAIM