Liti Capital Token wLITI Lists on HitBTC, Bringing Litigation Financing to The Masses
wLITI's first CEX listing follows its recent listings on decentralized exchanges Uniswap and 1inch Exchange.
Having launched earlier this year, Liti Capital is already making waves in traditional investing by bringing litigation financing — an investment practice traditionally monopolized by hedge fund heavyweights and elite investors - to the masses.
"We are very excited to list on HitBTC," said Jonas Rey, CEO of Liti Capital, adding, "This represents a major milestone toward our goal of leveling the playing field for litigation finance. Legal claims are an extremely appealing asset class because they can be so lucrative, and we provide a means for anyone to get in on this exciting investment opportunity."
Founded in 2013, HitBTC is one of the oldest and largest spot-trading cryptocurrency exchanges in the world. It is well-known for its state-of-the-
According to the HitBTC team, as a project that embodies a new paradigm for traditional investing, Liti Capital represents great potential. The exchange is proud to support an initiative that makes litigation financing, an attractive but prohibitive asset class, a viable investment strategy for every investor.
Putting traditional investing on the blockchain
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 profit. Litigation financing specialists, such as Liti Capital, purchase litigation assets for cases they deem to 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 for anyone with as little as $50. It does this by tokenizing shares in Liti Capital and paying out dividends to Liti Capital (LITI) equity token holders when a case in Liti Capital's portfolio is won.
Trading date: Aug. 17, 2021, 3:00 pm UTC
Deposit opening: Aug. 16, 2021, 3:00 pm UTC
Trading pairs: wLITI/BTC
Dean Baker, yourPRstrategist.com
Cecilia Wong, yourPRstrategist.com
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