The interim administration of the bankrupt cryptocurrency exchange FTX has asked a Delaware judge to approve the sale of a stake in venture capital Sequoia Capital to certain investors from the UAE. The deal is valued at $45 million, writes Bloomberg.

The agreement will be signed between Alameda Research, the investment arm of FTX, and the Abu Dhabi Sovereign Wealth Fund (Al Nawwar Investments RSC Limited). The fund is owned by the Emirate of Abu Dhabi and has previously invested in Sequoia.

Al Nawwar applied for the deal in February 2022. Other buyers are mentioned in the document. However, their names or company names are not specified.

Despite the fact that the transactions of bankrupt companies are subject to a thorough judicial review, an agreement could be reached as early as March 31, the newspaper writes.

Previously, FTX interim managers were able to find only $2.7 billion of the $11.6 billion that should be in the accounts of FTX clients. Part of the shortfall can be attributed to Alameda Research, which borrowed $9.3 billion from those accounts before the crash.

Alameda Research recently filed a lawsuit against Grayscale Investments, accusing the partners of charging “exorbitant fees.”