Celsius Floats Possibility of Debt Token to Repay Creditors; Secures Court Approval to Process Customer Withdrawals

The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors. The plan would need to be approved by regulators, but if approved by the trustee and financial authorities, the debt token would be called an “asset share token (AST).” Celsius Proposes ‘Asset Share Token’ as Plan to Repay Creditors, Subject to Regulatory Approval Various reports, including an editorial about the subject published by Bloomberg on Jan. 24, reveal that Celsius lawyers have detailed that the bankrupt company would like to become a publicly traded recovery corporation that could issue a debt token in