Geneva, Switzerland, August 26, 2021 – Bitcoin.com Exchange recently listed Liti Capital’s wLITI token as of 24 August at 10:00AM UTC. According to Danish Chaudhry, CEO of Bitcoin.com Exchange, “The Liti Capital team are providing an equity token which is the first of its kind, focused around easy-to-access private equity investment opportunities for basically anyone with the help of blockchain technology.”
Chaudhry continued by saying: “We’re very excited to see how Liti Capital will continue to empower their vision, and gain further outreach with our outstanding community at the exchange.”
This news comes a week after their 17 August listing on HitBTC. Meanwhile on 19 August, Liti Capital announced that it was providing funding for a case against Binance regarding pursuing compensation for 19 May 2021’s exchange failure, which may have incurred losses for possibly thousands of traders exceeding 100 million dollars. Anyone who has been affected by the exchange failure can go to www.binanceclaim.com to state their claim.
As litigation finance is a business that involves covering the cost of a lawsuit or arbitration in exchange for a portion of the profits, it is likely that wLITI will see a fresh intake of investors due to recent news regarding the firm’s activity. Arbitration expenses usually cost an initial investment of $500,000 to $1 million from a single investor, which Liti Capital handles by tokenizing its company shares via its equity token (LITI), allowing people with as little as $50 a chance to buy into lucrative commercial cases and lawsuits.
While only LITI holders get paid dividends when a case is won, wLITI holders have voting rights over the types of cases Liti Capital takes into its portfolio. wLITI holders may also exchange their wLITI for LITI on Liti’s main website. Thus, as long as Liti Capital is active and doing business, people are sure to see value in the wrapped LITI token.
The token will be tradable with wLITI/USD and wLITI/BTC pairs
Trading Opening: Aug. 24, 2021, 10:00AM UTC
Trading Pairs: wLITI/BTC
Furthermore, Jonas Rey, CEO of Liti Capital, said, “Listing on Bitcoin.com Exchange is an excellent opportunity for us, and a milestone we are proud of. We have full confidence that once the public discovers just how valuable the litigation assets we are able to purchase on behalf of LITI investors are and how powerful blockchain-backed private equity trading can be, that wLITI will become a very popular token indeed.”
With Liti Capital having a healthy case portfolio with a plethora of commercial large-scale corporate disputes valued at over $10 million and its largest case potentially worth more than $1 billion when it finally settles, investors can expect a consistent supply of success and profit from Liti Capital, even as settlements take years to happen. According to Steven Friel, Litigation Finance Expert, successful funders could reasonably foresee a tripling to quintupling of their initial investment, with current estimates.
Litigation finance has traditionally been a monopolized space for big-time hedge fund elite finance-class investors, but with Liti Capital’s unique blockchain private equity model, the market is now open for the taking, with big gains now open to the masses.
wLITI is an ERC-20 token that is the wrapped version of the LITI equity token. Launched on June 29, 2021, the wLITI token is suitable for trading on exchanges such as Bitcoin.com, whereas the LITI token is only available through liticapital.com after meeting KYC requirements. Liti Capital uses the blockchain to manage its share registry. Development of its own blockchain-based case management tools is on its roadmap.
Switzerland-based Liti Capital creates wLITI at a LITI token buyer’s request via Liti Capital’s app or website, which converts the LITI to wLITI at a 1:5000 ratio. The tokens will always maintain this ratio. The buyer is then able to trade their wLITI freely. Liti Capital does not directly sell wLITI.
LITI is a true digital share of Liti Capital that has voting rights, pays dividends and is protected under Swiss law. LITI is purposely not designed to be on exchanges at this time.
Both tokens represent Liti Capital, whose mantra is “private equity for all.” Liti Capital works exclusively in a single form of private equity – Litigation Finance, also called third party funding. This asset class has remained almost entirely exclusive to hedge funds and venture capitalists since its inception several decades ago. Litigation Finance is the practice of financing all or part of a legal case on behalf of a plaintiff for an agreed upon percentage of the court award.
Once Liti Capital purchases a portion of ownership of a case, it provides capital that can be used in many ways: legal fees, case management and strategy, expert witnesses, intelligence work and whatever else is needed to give the plaintiff the best chance of winning the case and collecting the award. The portion owned by Liti Capital becomes a “litigation asset” that backs the LITI token.
Switzerland-based Liti Capital is a Swiss limited liability company specializing in litigation finance and fintech. Liti Capital buys litigation assets to fund lawsuits and provides a complete strategic solution along with connections to top law firms to help clients win their cases. Tokenized shares of the company lower the barrier of entry for retail investors and give token holders a vote in the company’s decision-making process. Dividends are distributed to LITI token holders upon the success of the plaintiff. Jonas Rey, co-founder of Liti Capital, also heads Athena Intelligence, one of the most successful intelligence agencies in Switzerland. His two co-founders, Andy Christen and Jaime Delgado, bring operational, innovation and technical skills to round out the leadership team.
Liti Capital recently onboarded seasoned industry leader David Kay as chief information officer and executive chairman. Boasting more than a decade of experience as funding partner and portfolio manager of a billion-dollar private equity fund in the litigation financing space, Kay successfully enforced what was at the time the largest international arbitration award in history, bringing in over $1 billion in cash and securities.
The mission of Bitcoin.com Exchange is to empower people from all over the world to trade cryptocurrencies with ease and confidence, from first-time traders to advanced trading professionals. With high liquidity, 24/7 multilingual support and dozens of trading pairs, complemented with a high level of security, we offer an attractive platform for trading any cryptocurrency. Within one year since launch, on average, the exchange has been visited by more than 500K active traders per month, and this number continues to grow by the minute.
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