Swiss-based litigation financing company Liti Capital has announced the listing of wLITI on crypto
Liti Capital, a company that buys litigation assets to fund lawsuits and then helps the plaintiff win the case, said that the LITI token, which represents tokenized equity in the company and grants voting rights and dividends, will become available on the Liti Capital website and the wLITI token, which can be staked to provide liquidity, on Uniswap. Both token holders can open a claim against a project and stake tokens on that claim to call attention to projects that have defrauded their investors. Liti Capital will spend from 5 to 10 percent of its yearly investment capital to pursue these bad actors.
wLITI, or “Wrapped LITI” is Liti Capital’s ERC-20 liquidity token. It doesn’t provide access to dividends like LITI does, but wLITI can be exchanged for LITI tokens at a 5000 to 1 ratio. However, both tokens give holders the power to vote on how Liti Capital assets are used to finance crypto fraud cases that affect Liti Capital community members, an initiative that the company is dedicated to allocating between five and ten percent of their yearly investment budget for.
wLITI’s first CEX listing follows its recent listings on decentralized exchanges (DEXes) Uniswap and 1Inch Exchange.
“We are very excited to list on HitBTC,” said Liti Capital CEO Jonas Rey. “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.”