Celebrating a Decade in Distressed Crypto Investing Success
Celebrating a Decade of Distressed Crypto Leadership
In 2009, the introduction of Bitcoin marked the beginning of a new digital landscape, and Thomas Braziel recognized not just a groundbreaking technology but the potential of a new investment frontier in need of structured strategies. Over a decade, he has transformed this vision into reality, developing frameworks that have become essential for navigating the complexities of distressed digital assets.
Pioneering Strategies and Market Approach
Thomas Braziel's innovative approach has drawn attention from industry leaders. Brian Estes, Founder & CIO of Off The Chain Capital, shared, "Thomas didn't just spot an inefficiency—he built an investable market where none existed." This sentiment reflects the significant impact Braziel has had in shaping the investment landscape of distressed digital assets.
Founding 117 Partners
In 2022, Braziel took the next step in his journey by establishing 117 Partners, aiming to scale successful strategies on a global level. The firm has quickly gained recognition as an essential resource for liquidity and restructuring within the realm of distressed digital assets.
Landmark Transactions and Achievements
Throughout its short history, 117 Partners has made waves with a range of successful transactions. Notably, they transformed early claims from Mt. Gox and Bitcoinica into significant returns for their first limited-partner investor, who is set to realize a gross return exceeding 40 times their initial investment.
In a groundbreaking move, 117 Partners defined the legal framework necessary for crypto operating-company restructurings by facilitating the first court-approved dip loan for a mining company under Chapter 11. This established a new precedent for how distressed crypto companies can seek relief and financing during turbulent times.
Setting Precedents and Guiding Restructuring Efforts
Moreover, the firm advised on the first digital asset case under the Small Business Reorganization Act, bringing vital legal clarity to future restructurings within the industry. Their comprehensive understanding of these complex cases has positioned them as leaders in this niche area of distressed investments.
Continued Expansion and Future Outlook
As of today, 117 Partners is actively underwriting liquidity across multiple crypto bankruptcy estates, including well-known names like Hodlnaut, CoinLoan, and Vauld. Their innovative Fair Fund distribution infrastructure aims to ensure timely and compliant payouts, making them a reliable partner for stakeholders in distressed situations.
Braziel asserts that, "Applying time-tested distressed-investing lessons to crypto's most turbulent moments has shown that discipline and creativity convert chaos into opportunity." This profound insight reinforces their strategy moving forward as they navigate the complexity of this evolving market.
About 117 Partners
Founded in 2022 and based in Savannah, GA, 117 Partners has quickly become a leader in managing distressed and special-situation digital assets. Their blend of global sourcing, legal acumen, and custom structuring effectively addresses challenges presented by bankrupt exchanges, defunct tokens, and recovery litigation, making them the preferred choice for investors facing crypto distress.
117 Partners LLC
130 Canal St., #602, Pooler, GA 31322
Media Contact
Thomas Braziel, Managing Partner
+1 646-650-5096
For more information, visit their official website.
Frequently Asked Questions
What is the main focus of 117 Partners?
117 Partners specializes in distressed and special-situation digital assets, providing solutions for complex challenges in the crypto space.
What notable achievements has 117 Partners accomplished?
They have secured significant returns for investors and established crucial legal precedents in the restructuring of distressed crypto operations.
Who founded 117 Partners?
Thomas Braziel, a pioneer in distressed crypto investing, founded 117 Partners to expand his successful investment strategies on a global scale.
How has 117 Partners changed the distressed crypto landscape?
The company has introduced innovative practices, turning inefficiencies into structured investment opportunities and ensuring compliance in payouts.
What distinguishes 117 Partners from other firms?
Their unique combination of legal expertise, global sourcing, and tailored structuring sets them apart as leaders in the distressed crypto sector.
About The Author
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