GENEVA, August 25, 2021 (GLOBE NEWSWIRE) – Liti CapitalThe wLITI token, an encapsulated version of the Swiss company’s LITI share token, has been listed on the Bitcoin.com Exchange on 24 august To 10:00 UTC. wLITI trades with BTC and USDT pairs.
Liti Capital, a Swiss-based blockchain private equity fund specializing in raising capital for legal affairs, is making waves in traditional investing by bringing litigation financing to the masses, an investment practice traditionally monopolized by hedge fund heavyweights and elite investors.
Danish Chaudhry, CEO of Bitcoin.com Exchange, shared his take on the wLITI listing, saying, “The Liti Capital team provides an equity token that is the first of its kind, focused on investment opportunities. easy to access private equity for virtually anyone using blockchain technology.
Chaudhry goes on to say, “We are very excited to see how Liti Capital will continue to strengthen its vision and gain visibility with our exceptional community during the exchange.”
Jonas Rey, CEO of Liti Capital, said, “Listing on the Bitcoin.com Exchange is a great opportunity for us and a step we are proud of. We are fully confident that once the public finds out how valuable the litigation assets we are able to purchase on behalf of LITI investors are and how much blockchain-backed private equity trading can being powerful, wLITI will indeed become a very popular token.
As recently as last week, August 19, 2021, Liti Capital announced that it was funding a claim (www.binanceclaim.com) against Binance, which would allow those affected to pursue legal action, including, if necessary, arbitration, for compensation in connection with the failure of the exchange on May 19, 2021. This failure resulted in trading accounts (including Futures, Margin and Leveraged Token products) of at least 700 and potentially thousands of individuals effectively being untradeable for hours, causing traders to suffer losses of up to a hundred million dollars.
Litigation financing is the practice of bringing in investors to cover the cost of a lawsuit or arbitration in exchange for a portion of the profits. Litigation finance specialists, such as Liti Capital, buy litigation assets for cases they feel have a high chance of winning.
While litigation financing often requires an initial investment of $ 500,000 to $ 1 million from an investor, Liti Capital makes it accessible to anyone with as little as $ 50. It does this by symbolizing Liti Capital stock and paying dividends to Liti Capital stock token holders (LITI) when a deal in Liti Capital’s portfolio is won.
Liti Capital has already secured a healthy portfolio of cases, with its largest case worth over $ 1 billion when finally settled. Cases like these, which tend to be business lawsuits rather than personal or consumer lawsuits, typically target large-scale corporate litigation valued at over $ 10 million. While it can take years before a settlement is reached, successful litigation funders can expect to pocket between three and five times their initial investment, according to estimates by the funding expert. Steven Friel litigation.
What is wLITI?
wLITI is an ERC-20 token which is the encapsulated version of the LITI equity token. Launched on June 29, 2021, the wLITI token is suitable for trading on exchanges such as Bitcoin.com, while the LITI token is only available through liticapital.com after meeting KYC requirements. Liti Capital uses the blockchain to manage its share register. Developing its own blockchain-based case management tools is on its roadmap.
Liti Capital, based in Switzerland, creates wLITI at the request of a LITI token buyer through the Liti Capital app or website, which converts LITI to wLITI at a ratio of 1: 5000. Tokens will always maintain this ratio. The buyer can then freely exchange his wLITI. Liti Capital does not sell wLITI directly.
LITI is a true digital share of Liti Capital which has voting rights, pays dividends and is protected by Swiss law. LITI is intentionally not intended to be listed on the stock exchange at this time.
The two tokens represent Liti Capital, whose mantra is “private equity for all”. Liti Capital works exclusively under a unique form of private equity – litigation financing, also known as third party financing. This asset class has remained almost entirely exclusive to hedge funds and venture capital firms since its inception several decades ago. Litigation funding is the practice of funding all or part of a court case on behalf of a plaintiff for an agreed percentage of the court’s award.
Once Liti Capital purchases part of the ownership of a case, it provides capital that can be used in a number of ways: legal fees, case management and strategy, expert witnesses, intelligence work, and whatever else is needed to give the applicant the best chance of winning. the case and the collection of the reward. The part owned by Liti Capital becomes a “litigation asset” that supports the LITI token.
|Opening of exchanges:||August 24, 2021, 10:00 UTC|
|Trading pairs:||wLITI / BTC|
|wLITI / USDT|
About Liti Capital
Liti Capital, based in Switzerland, is a Swiss limited liability company specializing in litigation finance and fintech. Liti Capital buys litigation assets to fund lawsuits and provides a comprehensive strategic solution as well as connections to top law firms to help clients win their business. The company’s tokenized shares lower the barrier of entry for retail investors and give token holders voting rights in the company’s decision-making process. Dividends are distributed to LITI token holders if the applicant is successful. Jonas Rey, co-founder of Liti Capital, also heads Athena Intelligence, one of Switzerland’s most successful intelligence agencies. Its two co-founders, Andy Christen and Jaime Delgado, bring operational, innovation and technical skills to complete the management team.
Liti Capital recently joined seasoned industry leader David Kay as Chief Information Officer and Executive Chairman. With over a decade of experience as a financial partner and portfolio manager of a billion dollar private equity fund in the litigation finance arena, Kay has successfully applied what was to the largest international arbitral award in history, bringing in over $ 1 billion in cash and securities.
About Bitcoin.com Exchange
The mission of Bitcoin.com Exchange is to enable people around the world to trade cryptocurrencies with ease and confidence, from novice traders to advanced trading professionals. With high liquidity, 24/7 multilingual support and dozens of trading pairs, complemented by a high level of security, we offer an attractive platform for trading any cryptocurrency. Less than a year after its launch, on average, the exchange has been visited by more than 500,000 active traders per month, and that number continues to grow minute by minute.
The official channels of Liti Capital
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
Liti Capital Reddit: https://www.reddit.com/r/liticapital
Dean Baker, yourPRstrategist.com
Cecilia Wong, yourPRstrategist.com