Liti Capital announces new $5 Mn investment to acquire new assets
By Joy Dumasia
Liti Capital SA, the blockchain litigation finance company, announces an investment of $5 Million. The initial private raise of $10M secured assets worth up to $100m of potential asset value. This $5M will be used to purchase assets worth up to a possible $50m. This $150m potential value dwarfs the current market cap of $25M. Those assets are what back the LITI equity token.
Litigation finance is the practice of purchasing a percentage of a lawsuit to help fund the effort and then helping to win the case to collect that same percentage of the award. The $5M investment will be used to purchase these litigation assets. As one of the highest ROIs of any asset class, the returns are not dependent on the state of the financial markets.
Liti Capital launched its LITI equity token on June 24th, and it wrapped the LITI token, the wLITI, on June 29th. LITI tokens are available on liticapital.com and wLITI on uniswap.org. Liti Capital tokenized its equity shares to provide retail investors with investment opportunities previously only available to the top 1% of investors.
David Kay, CIO, says: “Liti Capital is a company, not a cryptocurrency. Therefore, increasing our Market Cap is a good thing for our investors because it means we are putting new money to work to buy assets and create profits. We were able to invest our first $10M and turn it into assets valued around $100M. We expect to use this new investment to produce similar results.”
Liti Capital will spend between 5 and 10% of its investment capital investigating and funding litigation against these crypto con artists and scammers.
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