Share this article
Distressed Crypto Specialist Thomas Braziel Sets Up Investment, Advisory Firm
The company, 117 Partners, will be a hybrid between advisory and investment, said Braziel.
Updated Oct 6, 2023, 3:12 p.m. Published Jul 10, 2023, 10:10 a.m.
Thomas Braziel, co-founder and managing partner of 507 Capital, is setting up a new entity to expand beyond buying bankruptcy claims into brokerage and advisory work in the crypto space.
Crypto has a long and steady history when it comes to bankruptcies, with 2022 proving to be something of a banner year. 507 Capital began buying Mt. Gox bankruptcy claims back in 2015 and has since worked on insolvencies and restructurings, including Cred Inc. and Quadriga through to more recent cases like 3AC, Celsuis and FTX.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The new brand, 117 Partners, will be more of a hybrid between advisory and investment, said Braziel.
“We have kicked ass with 507 Capital, and now I’m setting up a new entity which I’m calling 117 Partners because we will be doing advisory work, brokerage work and direct deals,” Braziel said in a direct message.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
JPMorgan Pushes Deeper Into Tokenization With Galaxy's Debt Issuance on Solana
Galaxy’s onchain debt deal, where JP Morgan acted as arranger, was settled in USDC stablecoin and backed by Coinbase and Franklin Templeton.
What to know:
- J.P. Morgan arranged Galaxy Digital’s commercial paper issuance on the Solana blockchain, one of the first of its kind in the U.S.
- Coinbase and Franklin Templeton bought the short-term debt instrument, settled in USDC
- Tokenization of real-world assets is gaining traction, with projections suggesting the market could reach $18.9 trillion by 2033.
Top Stories
