Geneva, Switzerland, August 17, 2021 – Liti Capital, the Switzerland-based litigation finance company that makes private equity investments accessible to everyone through blockchain technology, has listed its wLITI token for the first time on HitBTC, a centralized exchange (CEX).
The first CEX listing from wLITI follows the most recent listings on the decentralized exchanges Uniswap and 1inch Exchange.
Launched earlier this year, Liti Capital is already making waves in traditional investing by bringing litigation finance – an investment practice traditionally monopolized by hedge fund heavyweights and elite investors – to the masses.
“We are very excited to be listed on HitBTC,” said Jonas Rey, CEO of Liti Capital, adding, “This is an important milestone in our goal of improving the playing field for litigation funding. Legal claims are an extremely attractive asset class because they can be so lucrative, and we offer everyone the opportunity to participate in this exciting investment opportunity. “
HitBTC was founded in 2013 and is one of the oldest and largest spot trading cryptocurrency exchanges in the world. It is known for its state-of-the-art matching engine, high security measures, and low trading fees. With a robot-friendly API and 24-hour customer service, HitBTC is a popular exchange with over 800 trading pairs and 400+ spot instruments.
According to the HitBTC team, Liti Capital has great potential as a project that embodies a new paradigm for traditional investing. The exchange prides itself on supporting an initiative that makes litigation funding, an attractive but unaffordable asset class, a viable investment strategy for any investor.
Put traditional investing on the blockchain
Litigation funding is the practice of using investors to cover the costs of litigation or arbitration against a portion of the profits. Litigation finance specialists like Liti Capital buy litigation assets for cases that they believe have a high chance of winning.
While litigation funding often requires an initial investment of $ 500,000 to $ 1 million from an investor, Liti Capital makes it available to anyone with as little as $ 50. It does this by tokenizing shares of Liti Capital and paying dividends to holders of Liti Capital’s equity tokens (LITI) when a case is won in Liti Capital’s portfolio.
wLITI or “Wrapped LITI” – the token listed today at HitBTC – is Liti Capital’s ERC-20 liquidity token. It doesn’t provide access to dividends like LITI, but wLITI can be exchanged for LITI tokens at a ratio of 5000 to 1 that affect members of the Liti Capital Community, an initiative for which the company allocates between 5% and 10% of its annual investment budget.
With a case portfolio worth billions
Liti Capital has already secured a healthy case portfolio, with its largest case potentially valued at more than $ 1 billion if it is finally settled. Cases like these, which are commercial rather than consumer or personal lawsuits, typically target large corporate disputes valued at more than $ 10 million. Although it can take years to reach an agreement, successful litigation financiers can expect to reap three to five times their initial investment, according to estimates by litigation finance expert Steven Friel.
To achieve this goal, Liti Capital brought on experienced industry leader David Kay as Chief Information Officer and Executive Chairman. Kay has over a decade of experience as a finance partner and portfolio manager for a multi-billion dollar private equity fund in litigation finance and securities.
“Litigation generally does not correlate with economic conditions, so litigation funding can thrive even in a bear market,” explained Kay, adding, “As a relative newcomer to the modern investment ecosystem, litigation funding in the market is expected to double in value within the next value six years. Our investment team at Liti Capital is actively seeking the best litigation opportunities and intends to add at least five additional multi-million dollar cases to our portfolio by then next year. “
Trading day: August 17, 2021, 3:00 p.m. UTC
Depot opening: August 16, 2021, 3:00 p.m. UTC
Trading pairs: wLITI / BTC
wLITI / USDT
About Liti Capital
Liti Capital, based in Switzerland, is a Swiss limited company specializing in litigation finance and fintech. Liti Capital buys litigation to fund litigation and offers a complete strategic solution along with connections with top law firms to help clients win their cases. Tokenized shares of the company lower the entry barrier for retail investors and give token holders a voice in the company’s decision-making process. Dividends will be distributed to holders of LITI tokens after the plaintiff’s success. Jonas Rey, co-founder of Liti Capital, heads Athena Intelligence, one of the most successful secret services in Switzerland. Its two co-founders, Andy Christen and Jaime Delgado, combine operational, innovative and technical skills to complete the executive team. David Kay, chief information officer, ran a multi-billion dollar private equity litigation finance firm in New York City prior to joining Liti Capital.
Official Liti Capital channels
Liti Capital website: https://liticapital.com
Liti Capital Telegram: https://t.me/Liti_Capital_Official
Liti Capital Telegram Announcements: https://t.me/Liti_Capital_Official_ANN
Liti Capital LinkedIn: https://www.linkedin.com/company/liti-capital/
Liti Capital Twitter: https://twitter.com/liticapital
Liti Capital Medium: https://medium.com/@liticapital
Dean Baker, yourPRstrategist.com
Cecilia Wong, yourPRstratege.com