Celsius floats possibility of debt token to repay creditors

The defunct crypto lender Celsius is exploring the possibility of creating a debt token to repay creditors.

According to Celsius attorney Ross M. Kwasteniet, the plan and the new asset would be called an “Asset Share Token” (AST). The Asset Share Token (AST) won’t give creditors full recovery and they would receive a haircut on what they are owed.