Stream Finance plans to liquidate and maximize asset value, seeking participation from clients and creditors

Stream Finance stated on platform X that the Stream trading protocol is seeking ways to maximize the asset value for customers and creditors, with the goal of integrating, liquidating, and distributing assets as quickly and prudently as possible. The team is currently considering several strategic alternatives that require participation from customers and creditors, and more details are expected to be provided in the coming weeks. For related inquiries, please contact Jeremiah Ledgwidge at Cooley LLP.

In November last year, Stream Finance disclosed a $93 million asset loss and suspended withdrawals, after which XUSD significantly depegged.