TechFlow reports that, in addition to establishing an "offshore exchange company," the proposed FTX restructuring plan also considers setting up a new trust entity named "FTX Ventures Trust." This trust would hold FTX's investments in private startups and digital tokens that FTX does not intend to immediately sell upon exiting bankruptcy.
The purpose of the trust is to manage these long-term investments and distribute cash from them over time. It has not yet been decided whether the trust will be owned by FTX’s bankruptcy estate or traded separately after bankruptcy. The goal is to find a way to maximize the value of these illiquid investments, which cannot be easily sold by FTX’s management post-bankruptcy.
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