Key Takeaways
- • SwapGlobal, a U.S. OTC derivatives provider, secured new investment from Dutch investor Marcel Boekhoorn, W Group Founder and President Volodymyr Nosov, and Amsterdam-based Kenzoll Capital, with the investment value undisclosed.
- • The funding is designed to increase trading capital and working capital so SwapGlobal can handle more institutional derivatives contracts for hedge funds, asset managers and other eligible institutional investors.
- • SwapGlobal's products provide exposure to pre-IPO shares, non-U.S. equities, computing capacity and digital assets without requiring clients to own or custody the underlying assets.
- • Fedja Terzic, formerly of Flow Traders and One Trading, was appointed Chief Risk Officer to oversee risk management as the derivatives business expands.
- • SwapGlobal's immediate priority is preparing its first pre-IPO share transactions, with plans to extend activity into other asset categories.
Summary
SwapGlobal has announced a new investment backed by Dutch investor Marcel Boekhoorn, W Group Founder and President Volodymyr Nosov, and Amsterdam-based Kenzoll Capital. The company, a U.S. OTC derivatives provider serving eligible institutional investors, said the value of the investment has not been disclosed. The funding will support its trading infrastructure as it prepares to handle more institutional contracts across private-market shares, foreign equities, computing capacity and digital assets.
The company provides OTC derivatives linked to assets clients may not wish to hold directly, including shares in private companies ahead of an IPO, non-U.S. equities, computing capacity and digital assets. Clients can take positions based on underlying market exposure without purchasing or custodying the assets. SwapGlobal manages the resulting positions and hedges its exposure through crypto trading platforms. Eligible clients do not need their own crypto wallets, offshore exchange accounts or digital asset trading infrastructure, and client collateral is maintained with qualified custodians. According to the company, the capital will increase trading and working capital needed to manage the corresponding exposure and operate the business. SwapGlobal is preparing its first transactions in pre-IPO shares and expects the capital plan to scale with its derivatives portfolio.
SwapGlobal also appointed Fedja Terzic as Chief Risk Officer. Terzic is a certified actuary (AAG) and holds the Financial Risk Manager designation from GARP. He spent six years at Flow Traders, rising to Global Head of Risk & Middle Office and Managing Director, and later served as Chief Operating Officer and Chief Risk Officer at One Trading, Europe's first MiFID-regulated crypto derivatives exchange.
The investment follows a previously announced strategic partnership with Kenzoll Capital, under which a digital asset market-making business associated with Kenzoll has been integrated into SwapGlobal's trading setup. Kenzoll Founder Corné Melissen said the technology and team now sit inside SwapGlobal so the company can set prices for its derivatives and manage the risk in one place. W Group, which operates a global ecosystem of financial and technology businesses with more than 40 million clients across 150 countries, joined through Nosov's participation. SwapGlobal CEO René van Kesteren said the investors will help the company serve institutional clients within the U.S. regulatory framework much faster.
The company provides OTC derivatives linked to assets clients may not wish to hold directly, including shares in private companies ahead of an IPO, non-U.S. equities, computing capacity and digital assets. Clients can take positions based on underlying market exposure without purchasing or custodying the assets. SwapGlobal manages the resulting positions and hedges its exposure through crypto trading platforms. Eligible clients do not need their own crypto wallets, offshore exchange accounts or digital asset trading infrastructure, and client collateral is maintained with qualified custodians. According to the company, the capital will increase trading and working capital needed to manage the corresponding exposure and operate the business. SwapGlobal is preparing its first transactions in pre-IPO shares and expects the capital plan to scale with its derivatives portfolio.
SwapGlobal also appointed Fedja Terzic as Chief Risk Officer. Terzic is a certified actuary (AAG) and holds the Financial Risk Manager designation from GARP. He spent six years at Flow Traders, rising to Global Head of Risk & Middle Office and Managing Director, and later served as Chief Operating Officer and Chief Risk Officer at One Trading, Europe's first MiFID-regulated crypto derivatives exchange.
The investment follows a previously announced strategic partnership with Kenzoll Capital, under which a digital asset market-making business associated with Kenzoll has been integrated into SwapGlobal's trading setup. Kenzoll Founder Corné Melissen said the technology and team now sit inside SwapGlobal so the company can set prices for its derivatives and manage the risk in one place. W Group, which operates a global ecosystem of financial and technology businesses with more than 40 million clients across 150 countries, joined through Nosov's participation. SwapGlobal CEO René van Kesteren said the investors will help the company serve institutional clients within the U.S. regulatory framework much faster.
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