Brief Look at TigerWit
TigerWit, founded by Chinese entrepreneurs, began operations in Asian markets. Its UK division obtained an FCA (Financial Conduct Authority) license in 2016. In 2018, Tim Hughes, formerly a senior executive at IG Group, took over management. A planned sale to the FTX crypto exchange in 2022 fell through due to FTX's subsequent bankruptcy.
TigerWit suspended operations in March 2023. Its assets were subsequently acquired by New Zealand-based Investor Limited, which rebranded the business as Calico Capital Limited, focusing on B2B and institutional clients. The offshore division, TigerWit LLC (registered in St. Vincent and the Grenadines), ceased operations on August 22, 2023, freezing client accounts. The new owner announced that the use of the TigerWit brand has been discontinued, and the company's website has been closed. The previously active FCA license (679941) is no longer valid. Calico Capital Limited's website is https://calicocapital.co/.
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