Mercifully quick
Seems like a domino in the lead-up to SVB's collapse.
Thanks for writing a timely piece.
I think FTT should be included in the Asset side.
Although FTT is issued by FTX, it is not a financial asset which is also a debt of the issuer.
Gold is to nobody's liability what FTT is to FTX's asset(not liability)
As you can see B/S in https://www.ft.com/content/0c2a55b6-d34c-4685-8a8d-3c9628f1f185,
FTT is in asset side not in liability side.
Correct me if I'm wrong.
Thanks.
FTX
Seems like a domino in the lead-up to SVB's collapse.
Thanks for writing a timely piece.
I think FTT should be included in the Asset side.
Although FTT is issued by FTX, it is not a financial asset which is also a debt of the issuer.
Gold is to nobody's liability what FTT is to FTX's asset(not liability)
As you can see B/S in https://www.ft.com/content/0c2a55b6-d34c-4685-8a8d-3c9628f1f185,
FTT is in asset side not in liability side.
Correct me if I'm wrong.
Thanks.