Liti Capital Sponsor Justice Legends NFT Project

The concept’s union of litigation funding and NFT art effortlessly pairs with the Swiss-based company’s egalitarian ethos

GENEVA, SWITZERLAND May 17, 2022Litigation funding specialists Liti Capital, a Swiss company that has disrupted the market with its tokenized model, has today announced its sponsorship of the soon-to-launch ‘Justice Legends NFT’ project. The mint date is expected to be at the end of May 2022.

The project, which marries NFT art and legal justice, will enable buyers to champion and support access to justice initiatives when they acquire digital art depicting world-changing humanitarians, or ‘Legends of Justice’. 

Across the world, an estimated 5.1 billion people – two-thirds of the global population – are being failed by the justice system, according to a study by ‘Task Force on Justice’. It reports that 5.1 billion people have no meaningful access to justice, 1.5 billion have been left with justice problems they cannot solve, and 253 million people live in extreme conditions of injustice and are deprived of any meaningful legal protections. 

As an organization recognizing that the cost of legal support is a major barrier to accessing justice, Liti Capital has sponsored the Legends of Justice project to help raise awareness of this global issue. Indeed, according to The United Nations Rule of Justice report, “one of the major obstacles in accessing justice is the cost of legal advice and representation. Legal aid programmes are a central component of strategies to enhance access to justice.”

The Legends of Justice project has also entered into a sponsorship agreement with TRIAL International, a non-governmental organization battling impunity and strengthening victims on an international level, that will receive 5% of Justice Legends NFT sales. This will allow them to continue their meaningful work via providing legal assistance to individuals in need, litigating cases, and promoting the human rights agenda. 

Four of the 10 legends who will be depicted in the Legends of Justice NFT project have already been announced: Gandhi, Martin Luther King, Henry Dunant, and Ruth Bader Ginsburg. The remaining six will be revealed in the lead up to the mint date.

All NFT holders will be granted access to an exclusive Discord channel with exclusive giveaways, put into a raffle for cash giveaways, and given opportunities to vote in Liti Capital’s Scambusters program.

Scambusters, an initiative established by Liti Capital to support the crypto market in its fight against scams and fraud, utilizes legal experts and intelligence operatives in over 140 countries to defend the crypto community. Liti Capital commits 5% or more of its annual investment budget to financing pro bono cases that have affected its community members.

10% of the Justice Legends NFT sales will bolster the Scambusters program. Liti Capital community members are encouraged to vote on a selection of crypto-fraud cases every quarter, with the winning case receiving complimentary ligation services from the company. Each Justice Legends NFT will equate to 50,000 votes. 

Depending on the tier level that will be randomly allocated, it will also allow holders to participate in a high-ROI alternative asset class, thanks to $wLITI tokens.  The $wLITI tokens have been donated by a substantial holder, who supports the project’s mission of raising awareness of access to justice.

$wLITI tokens are freely exchangeable and listed on five exchanges. They open the door to the litigation funding market for non-accredited and retail investors for the first time in its history, whilst at the same time making the asset class even more appealing to traditional investors through liquidity. 

The amount, if any, of token donations that holders receive will be dependent on the tier level they are randomly allocated. 1050 Justice Legend NFTs will be released, representing 10 celebrated and historic humanitarians, and will come with “legendary” utility perks. 

For example, one lucky Pink Gandhi NFT holder will receive rewards that include USD 20,000 $wLITI over three months, and a cash giveaway.

Liti Capital CEO Andy Christen shares his excitement for the sponsorship: “Everyone at Liti Capital is greatly anticipating the Justice Legends NFT launch and the opportunities it will create for both investors and those provided with legal aid as a direct result of this project. We are fully committed to advancing access to justice wherever possible.”

The Justice Legends NFT launch date will be announced shortly. Official launch details will be shared on the project's website (https://www.justicelegendsnft.com) and its official Twitter (https://twitter.com/Justice_legends). 

Official Declaration of Liti Capital SA regarding $wLITIDAO

4 February 2022, Geneva, Switzerland: It has come to the attention of Liti Capital that a $wLiti holder is about to launch $wLITIDAO with the aim to distribute dividends to non-KYC token holders.

Liti Capital is issuing this formal announcement to inform and warn its $wLITI token holders that it is in no way connected with nor supports $wLITIDAO. $wLitiDAO in no way represents or acts with any authority with regard to Liti Capital.

Liti Capital shall incur no liability for any $wLiti holder who participates in the $wLitiDAO, and reserves all of its rights and remedies to the furthest extent of the law.

Liti Capital would like to take this opportunity to stress some of the key factors it has in place to provide assurance and protection to its current and future token holders:

  1. $LITI token holders benefit from the same level of protection as traditional shareholders under Swiss law and as such have access to legal mechanisms to conduct their claims.

Liti Capital recommends that its users use the traditional channels, and to pass KYC in order to be compliant with national regulations.

Anyone wishing to get exposure to Liti Capital can buy tokens through the following methods:

- $LITI token: through the app on its official website (www.liticapital.com)

- $wLITI token: through Uniswap or via one of the following exchanges: HitBTC, P2PB2B, Changelly, and Bitcoin.com.

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For further information, please contact: pr@liticapital.com

Liti Capital Partners Announces Participation at Global Family Office Summit This Month

Liti Capital is proud to announce their participation at the upcoming Global Family Office Summit in the Metaverse on December 21st

GENEVA, December 14th, 2021 - Swiss-based litigation funding ‘on the blockchain’ provider Liti Capital SA is proud to announce their participation at the Global Family Office Summit on December 21. 

The quarterly event connects traditional family offices with private equity firms, global regulators, and unicorn disruptors via the Metaverse in Decentraland’s Crypto Convention Centre. 

“Liti Capital is reinventing private equity investing through its equity tokens. The Global Family Office Summit will raise awareness for our mission to give more people the opportunity to invest in the highly lucrative asset class of litigation finance. As well as removing the barriers and opening litigation funding investing to everyone and anyone, we have also made the asset even more attractive to its traditional’ investor audience, not least by making a previously illiquid asset into a liquid asset,” said Andy Christen, co-founder and Chief Vision and Operations Officer at Liti Capital.

“We are thrilled to have our European partners join us in the Metaverse and discuss disruptive technologies of the future. GDA Capital has made a strategic contribution into Liti Capital earlier this year to boost user adoption and assist with our proprietary research into the latest innovations in litigation finance and new markets expansion. Now we hope to deepen our collaboration and exchange ideas at the Global Family Office Summit,” said Michael Gord, co-founder at GDA Capital. 

The first Global Family Office Summit was in October of 2020, when the first private wealth gathering of its kind was launched in the Metaverse and streamed in Decentraland. After the initial success, it was followed by the Wealth Management Summit, the NFT Summit, the Europe Disruptive Investment Summit, and the Asia Disruptive Investment Summit

The Global Family Office Summit features an impressive list of digital asset projects, exchanges, and other key groups including including GDA Capital, the capital markets arm of GDA Group, Secure Digital Markets (SDM), MEX Digital, Metaverse Group, RARE, Everscale (Formerly FreeTON), RENOVI  and now Liti Capital

About GDA Capital 

GDA Capital is a global organization that provides vertically integrated financial technology services to institutional investors and companies. It is the trusted advisor that bridges the gap between institutional capital markets and disruptive technologies.

About Liti Capital

Liti Capital is bringing the litigation asset class to everyone through Blockchain technology with LITI tokens, an equity token that is a share of stock in Liti Capital SA. The launch of LITI and wLITI tokens allows any investor to engage in the high-performing litigation finance market previously only available to elite investors. For more information, visit www.liticapital.com

About Global Family Office Summit 

The Global Family Office Summit is the first gathering of private wealth that is accessible by zoom with a virtual conference also taking place at the Crypto Convention Centre in Decentraland. Hear from some of the leading alternative investment managers from around the world, regulators, traditional wealth managers and disruptive companies pushing the boundaries of technology. The Summit explores the impact of the major paradigm shifts such as pervasiveness of technology, rise of ESG/impact investing, intergenerational wealth transfer and on the various strategies used by families around the world to preserve and grow their wealth.

Disclaimer: This press release is for informational purposes only. The information does not constitute investment advice or an offer to invest. Tokens and virtual currencies, in general, are not legal tender, in any country, and are not backed by any government as legal tender, nor should they be treated as such.

Media Contact:

Robert Penington

Robert@thronepr.com

Add ‘Private Equity’ To Your Shopping List This Black Friday!

Liti Capital to offer an exclusive 26% bonus on all $wLITI and $LITI token purchases that are made on the year’s busiest shopping day 

Monday 22 November 2021, Geneva, Switzerland. This Black Friday (26 November 2021), Liti Capital has taken things to the next level with a one-day-only offer on sales of its $LITI and $wLITI tokens.

For the first time in history, the category of ‘Private Equity’ is joining mainstream retailers by offering an exclusive deal on what has become the most famous ‘special offer shopping day’ of the year, Black Friday. 

To celebrate Black Friday, the 26th day of November 2021, Liti Capital is offering a 26% bonus on all purchases - no matter how big or small the quantity - of its $LITI and $wLITI tokens. (Note to editors: For more information on the attributes of and differences between $LITI and $wLITI, please refer to the boilerplate below).

Liti Capital is a Swiss-based company that enables everyone, everywhere to invest in Private Equity. Liti Capital funds large legal claims that favour the claimant, bringing them deserved justice and financial rewards. Financing legal claims is known as ‘Litigation Funding’, and is an extremely lucrative type of Private Equity. 

Now, thanks to Liti Capital, Litigation Funding is an asset class that is accessible as an investment for everyone, everywhere. Through its two tokens, $LITI (an ‘equity’ backed token that requires KYC and offers dividends and voting rights) and $wLITI (a tradable and non-KYC reliant token), Liti Capital has made it possible for individuals and institutions to invest in the entire portfolio of the legal claims it is funding, and to share in the high-ROI rewards. 

Summary of Liti Capital’s Black Friday Offer:

Comments Andy Christen, Co-founder, Chief Vision & Operations  Officer at Liti Capital:

“Liti Capital’s Black Friday deal aims to create awareness around one of the most appealing, secure and yet undervalued financial products in the crypto space. Our tokens are backed by real assets that are crisis resistant and will produce high-returns on investments, in both bull and bear markets. By purchasing $LITI or $wLITI, you get an exposure to the crypto hype, while greatly minimizing the risk associated with purely speculative instruments.  

“Litigation finance is seldom known to the traditional finance world and we consider it to be the private equity industry’s best kept secret! Liti Capital brings this complex but deeply innovative business model into the equally disruptive world of blockchain, which enables hyper access to one of the most profitable asset classes. We are extremely thrilled to be offering everyone, everywhere with a different yet extremely appealing offer this Black Friday. This event marks the perfect time to get involved with Liti Capital!”

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Notes to Editors:

For further information, please contact our press department on +44 (0)7943774236 or by emailing media@liticapital.com.

About Liti Capital:

Liti Capital SA is a Swiss Corporation, specializing in Litigation Finance, and FinTech. Liti Capital raises funds to buy litigation assets and fund lawsuits and then helps the plaintiffs to win their cases. Liti Capital is bringing the litigation asset class to everyone through Blockchain technology with LITI tokens, an equity token that is a share of stock in Liti Capital SA. The launch of LITI and wLITI tokens allows any investor to engage in the high-performing litigation finance market previously only available to elite investors. 

The Liti Capital website | Join the Liti Capital Telegram Community  | Join the Liti Capital Telegram Announcement Channel | Connect with Liti Capital on LinkedIn | Follow Liti Capital on Twitter | Follow Liti Capital on Medium

Background notes on Black Friday:

Did you know that the term ‘Black Friday’ was first associated with a financial crisis, not sales shopping?

In the Wall Street crash of 1929, when the New York Stock Exchange lost 6.3% of its value in a single day, it became known as Black Friday.

Fast forward 98 years to 2021, and Black Friday is now ‘celebrated’ globally on the Friday that follows Thanksgiving Day as the famous sales weekend, where a significant amount of shoppers head to high street stores and online brands to find outstanding deals. 

More information on Liti Capital’s $LITI and $wLITI tokens:   

Our two tokens - $LITI and $wLITI - suit every type of investment strategy and investor profile, whether an individual or institutional. 

$LITI is an equity token that is a share of stock in Liti Capital SA. 

$wLITI is a wrapped token, for swaps and other non-KYC trades.

How to buy $wLITI and $LITI tokens:

To buy $wLITI tokens, please follow the instructions here.

To buy $LITI Tokens, please follow the instructions here.

Guide & instructions for the ‘Black Friday 26’ offer:

Binance Claim group sees thousands of more claimants register in the last week alone

GENEVA, 8 Nov. (For immediate release) - Liti Capital SA, a Swiss blockchain-based litigation funding provider, says the Binance Claim group has received more than 1,000 claims against Binance in the last week alone, following the Binance outages of May 19. The case is poised to become the largest international consumer arbitration case in history.

"To date, more than 2,300 have registered on Binanceclaim.com, and the number is increasing significantly daily," said Liti Capital's Executive Chairman and Chief Investment Officer, David Kay, who sits on the Binance Claim Steering Committee. 

"Last week we saw more than 1,000 claimants, potentially making this the largest international consumer arbitration in history and a landmark case for the crypto industry," added Kay, whose Swiss firm has pledged at least US$5 million to pay for the claimant's legal fees.

On behalf of the Binance Claim Steering Committee, a letter has recently been sent to Binance requesting that it compensate the increasing number of claimants who lost hundreds of millions of dollars due to system failure on 19 May 2021. If Binance, whose daily trading volume is upwards of US$45 billion, refuses to settle with the claimants, the case will be presented before the Hong Kong International Arbitration Centre, the letter warns.

White & Case, LLP, the number one ranked arbitration law firm globally, has taken on the case representing those individuals affected by Binance systems failures, including on 19 May. CNBC reported that Binance, the world’s largest crypto exchange, “has experienced several outages over the years in times of heightened volatility” and David Kay underpinned these facts with an explosive and exclusive interview with the leading US news network.

On 19 May, Bitcoin and Ethereum, the two largest cryptos by market capitalization, posted the most significant drops since March 2020, with the whole cryptocurrency market losing approximately US$1 trillion in value. That same day, thousands of Binance users could not exit their positions and stop their losses due to the critical system failure.

In Binance’s very own words, they have warranted that “our policy has been to protect our users so where they experienced actual trading losses due to our system issues, we will offer compensation.”

“Binance’s best option would be to settle and become an industry leader by taking the necessary steps to protect its nearly 14 million registered users worldwide,” commented Kay. “That would give Binance the fantastic opportunity to set an example that the rest of the industry should follow.”

Because of its decentralized nature, the Cayman Island and US-registered crypto trading platform has a corporate structure that is scattered across the globe, making access to legal recourse practically impossible for users who suffer losses due to the platform’s failures. Liti Capital’s funding of the Binance Claim seeks to remedy the claimants’ inability to obtain justice.

About Liti Capital

Liti Capital SA is a Swiss Corporation, specializing in Litigation Finance, and FinTech. Liti Capital raises funds to buy litigation assets and fund lawsuits and then helps the plaintiffs to win their cases. Liti Capital is bringing the litigation asset class to everyone through Blockchain technology with LITI tokens, an equity token that is a share of stock in Liti Capital SA. The launch of LITI and wLITI tokens allows any investor to engage in the high-performing litigation finance market previously only available to elite investors.

The Liti Capitalwebsite | Join the Liti CapitalTelegram Community  | Join the Liti CapitalTelegram Announcement Channel | Connect with Liti Capital on LinkedIn | Follow Liti Capital onTwitter | Follow Liti Capital onMedium

Liti Capital Launches Scambusters to tackle Crypto Fraud

The litigation funding provider is offering a 250,000 wLITI token reward for new crypto scam cases  

Geneva, Switzerland - 23 September 2021: Liti Capital SA, the Swiss-based litigation funding provider disrupting private equity investing with blockchain technology, is launching ScamBusters, a revolutionary new tool that allows users to vote for which crypto-focused cases the company should pursue next.  

Fraud within cryptocurrency and blockchain is rife. This year will be a record for investment fraud: 14,079 investment scams were reported to the FTC in the first quarter of 2021, and victims lost $215 million in this quarter alone. Liti Capital is bringing its expertise in picking, funding and winning court cases and inviting consumers to vote on which scams it should pursue in court next. 

“The idea that scammers can freely operate in the crypto sphere without facing the consequences of their actions must end to bring trust and change the perception blockchain and crypto projects have in our society”, says Andy Christen, CVO/COO at Liti Capital.  

Liti Capital commits to allocate between 5% and 10% of its yearly investment budget to finance cases that have affected its community members. Any LITI or wLITI token holder can report a purported fraud to the company.

ScamBusters is a community voting event to select crypto scam cases going to be sued by Liti Capital. LITI and wLITI token holders can use their tokens without spending them to vote for the case(s) they think have the most merit. The more tokens they have the more voting power they can exercise. Voters of the winning case will share an award up to 250,000 wLITI, distributed pro-rata to their votes. 

Once members of the community have submitted cases on the ScamBusters website, Liti Capital instructs its team of legal experts based in 140 countries across the world to explore details of the case. 

A selection of cases are then presented back to community members, with the case collecting the highest number of votes being added to Liti Capital’s portfolio. Community voting begins on Sept 23, 2021, with the winning case announced on October 15, 2021. 

“If cryptocurrency is going to become the defacto way people take part in the Web3 world, trust, regulation and a robust legal system are all parts of that puzzle,” says Jonas Rey, CEO at Liti Capital. 

$wLITI Lists on Changelly PRO, on the Heels of HitBTC and Bitcoin.com Listings

Liti Capital’s wLITI token, a wrapped version of the Swiss company’s LITI equity token, lists today on Changelly PRO, 30 August 3 PM UTC. $wLITI pairs with BTC and USDT are now available for trading.

This comes less than a week after listing on Bitcoin.com Exchange and less than two weeks on HitBTC. The Changelly PRO team has expressed their warm welcome to the litigation financing token.

“We are happy to welcome $wLITI to our big family of carefully curated cryptocurrencies and hope that our users will gain maximum benefits from this collaboration. We are proud to partner with a company that provides financial resources, strategic solutions and renowned connections to the best law firms worldwide to help plaintiffs obtain court awards for damages or losses they have suffered,” says a Changelly PRO spokesperson.

Liti Capital, a Swiss-based blockchain private equity fund specializing in raising capital for legal cases, 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.

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.

“We appreciate the amazing support that established exchanges such as Changelly PRO have shown for our $wLITI token. With high profile projects in the blockchain and decentralized finance spaces finally attracting mainstream interest, we are excited to explore the possibilities for $wLITI as a wrapped version of an equity token that offers regular people the chance to invest in an asset class that previously wasn’t available to them,” says Liti Capital CEO Jonas Rey.

$wLITI: an ERC-20 Wrapped Version of Equity Token $LITI

wLITI is an ERC-20 wrapped version of the LITI equity token. Launched on June 29, 2021, the wLITI token is suitable for trading on centralized exchanges (CEXes) like Changelly PRO, and also on DEXes, 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.

wLITI can be exchanged for LITI at a token buyer’s request via Liti Capital’s app or website, which converts LITI to wLITI at a 1:5000 ratio and vice versa. 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.

On 19 August 2021, Liti Capital announced that it was funding a claim against Binance, which would enable affected individuals to pursue compensation in relation to the exchange failing on 19 May 2021. This failure resulted in the trading accounts (including Futures, Margin, and Leveraged Token products) of at least 700 and potentially thousands of individuals being effectively untradeable for hours, causing traders to suffer losses that could exceed one hundred million dollars.

Listing Details

Trading Opening: Aug. 30, 2021

Trading Pairs: wLITI/BTC; wLITI/USDT

About Liti Capital
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.

About Changelly
Changelly provides an ecosystem of products and services that enables customers to have a one-stop-shop experience when engaging with crypto.

Operating since 2015, Changelly acts as an intermediary between crypto exchanges and users, offering access to 200+ cryptocurrencies that can be effortlessly swapped within 10 minutes on desktop and on the go via the Changelly mobile app.

In 2020, Changelly branched out to accommodate the needs of traders. Changelly PRO has been built as a platform focused on the customer’s needs, effectively enabling retail buying and selling of digital tokens and coins. Piggy-backing on the great support system found within Changelly, Changelly PRO will provide the community with high limits, effective pricing, fast execution and 24/7 live support.

Learn more about Changelly:
Changelly Website: changelly.com
Changelly PRO website: pro.changelly.com
Twitter: twitter.com/Changelly_team

Liti Capital’s Wrapped LITI (wLITI) lists on Bitcoin.com Exchange

Geneva, Switzerland, August 24, 2021 - Liti Capital’s wLITI token, a wrapped version of the Swiss company’s LITI equity token, has been listed on the Bitcoin.com Exchange on  24 August at 10:00AM UTC. wLITI is trading with BTC and USDT pairs.

Liti Capital, a Swiss-based blockchain private equity fund specializing in raising capital for legal cases, 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.

Just last week, 19 August 2021, Liti Capital announced that it was funding a claim (www.binanceclaim.com) against Binance, which would enable affected individuals to pursue claims, including, if necessary, in arbitration, for compensation in relation to the exchange failing on 19 May 2021. This failure resulted in the trading accounts (including Futures, Margin, and Leveraged Token products) of at least 700 and potentially thousands of individuals being effectively untradeable for hours, causing traders to suffer losses that could exceed one 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 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.

Liti Capital has already secured a healthy case portfolio with its largest case potentially worth more than $1 billion when it finally settles. Cases like these, which tend to be commercial rather than consumer or personal lawsuits, usually target large-scale corporate disputes valued at more than $10 million. While they could take years before a settlement is reached, successful litigation funders can expect to pocket between three and five times their initial investments, according to estimates by litigation finance expert Steven Friel.

What is wLITI?

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.

A Strong Endorsement

Danish Chaudhry, CEO of Bitcoin.com Exchange, shared his views on wLiti’s listing, saying,“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 continues on 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.”

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.”

Listing details

Trading Opening: Aug. 24, 2021, 10:00AM UTC

Deposit Opening: Aug 24, 2021, 09;00AM UTC

Trading Pairs: wLITI/BTC

wLITI/USDT

About Liti Capital

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.

About Bitcoin.com Exchange

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.

Liti Capital to Fund Action Against Binance

A group of 700+ claimants work with litigation finance provider Liti Capital to seek hundreds of millions of dollars in damages against the world’s biggest crypto exchange in what will be the first case of its kind.

Geneva, Switzerland - August 19, 2021: Liti Capital SA, a Swiss-based litigation funding provider that has opened up private equity investing to the masses through blockchain technology, has been appointed by a group of claimants seeking damages against Binance, the world’s largest cryptocurrency exchange.

Liti Capital is spearheading the arbitration lawsuit on behalf of a group of traders who lost on  19 May 2021 when Binance inexplicably froze their accounts for approximately one hour. 

As a result, the trading accounts (including futures options) of at least 700 known traders were effectively untradable for multiple hours. We believe that thousands of traders were affected, and that those traders suffered more than one hundred million dollars of damages.  

Binances failures however, are not just isolated to 19 May 2021; Binance has failed to meet its obligation to its community on many occasions since October 2020.

The total loss incurred across all 700+ claimants is expected to be well in excess of one hundred million US dollars; in fact, the six Steering and Advisory Committee members alone have a collective claim in excess of $20m USD.

It is believed that this case - the first ever group action case in the crypto sector - will be a landmark event in defining how organisations operating in the sector behave and treat their customers. 

“Crypto and blockchain are the future but they’ve just got to get cleaned up. It is the Wild West out there. Companies like Binance - the largest, most influential players - have to be brought to account,” says David Kay, CEO of Liti Capital. 

The traders caught up in the incident allege that Binance liquidated their positions as a result of the exchange freezing causing millions of dollars worth of losses. Several traders have pursued the exchange for compensation but so far have been unsuccessful. 

Under Binance’s terms and conditions, users seeking compensation are required to file disputes with the Hong Kong International Arbitration Centre, a costly step for an individual.

“Binance has made it difficult—not impossible, but difficult—for the average consumer to seek recourse,” says Aija Lejniece, an arbitration attorney who has been working with the group of traders. “There’s no surveillance [of Binance’s activities], nothing to control what they’re doing.”

Liti Capital will provide litigation finance to the Binance Arbitration Case, meaning claimants don’t have to pay any upfront costs to bring the case to court. White & Case LLP is coordinating legal efforts with an advisory team on behalf of all plaintiffs. 

This includes covering the cost of White & Case, the lawyers that will represent this group, any expert witnesses, arbitration court fees and every other cost pertaining to the case. Liti Capital will cover all costs. 

“Given the unconscionable terms of the user agreement and the costs of arbitration, we don’t know if anyone in our group - or anyone in their system - has paid enough [in fees to Binance] to make money even if they win their case,” says Kay. 

Litigation Finance is a means whereby a third party pays for all costs for the plaintiffs in exchange of a minority percentage of the award, should one be given. Liti Capital crowdfunds legal fees using the LITI token to raise capital to buy asset ownership in legal cases they believe they can win and collect judgments on.

“Our strong view is that Binance went way further than what they were allowed to under the law,” says Kay. 

Claimants who wish to take part in the case should visit www.binancecase.com to register their interest. 

For all media enquiries, please contact:

pr@liticapital.com / +44 (0)7943774236

Liti Capital Token wLITI Lists on HitBTC, Bringing Litigation Financing to the Masses

Geneva, Switzerland, 17 August 2021Liti Capital, the Swiss-based litigation financing company that has made private equity investing accessible to everyone through blockchain technology, has listed its wLITI token for the first time on a centralized exchange (CEX) - HitBTC.

wLITI’s first CEX listing follows its recent listings on decentralized exchanges (DEXes) 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 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.”

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-art matching engine, high security measures and low trading fees. With a trading robot-friendly API and 24-hour customer service, HitBTC is a popular exchange with over 800 trading pairs and more than 400 spot instruments.

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 USD 500 K to USD 1 million from an investor, Liti Capital makes it accessible for anyone with as little as USD 50. They do this by tokenizing shares in LitiCapital, and paying out dividends to LITI equity token holders when a case in Liti Capital’s portfolio is won.

wLITI, or “Wrapped LITI” — the token listed on HitBTC today — 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.

Boasting a billion-dollar case portfolio

Liti Capital has already secured a healthy case portfolio, with their largest case potentially worth more than USD 1 billion when it finally settles. Cases like these, which tend to be commercial rather than consumer or personal lawsuits, usually target large-scale corporate disputes valued at more than USD 10 million. While they could take years before a settlement is reached, successful litigation funders can expect to pocket between three and five times their initial investments, according to estimates by litigation finance expert Steven Friel (Bloomsbury, The Law and Business of Litigation Finance, 2020).

To attain this goal, Liti Capital onboarded seasoned industry leader David Kay as CIO 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 USD 1 billion in cash and securities.

“Litigation assets generally don’t correlate with the state of the economy, allowing litigation financing to thrive even in a bear market,” Kay explained. “A relative newcomer to the modern investment ecosystem, litigation financing is expected to double in market value within the next six years. Our investment team at Liti Capital is actively seeking out the top opportunities in litigation assets, and aims to add at least five more multi-million dollar cases to our portfolio by this time next year.”

Listing details

Trading Date: August 17, 2021 3:00 pm UTC

Deposit Opening: August 16, 2021 3:00 pm UTC

Trading Pairs: wLITI / BTC

wLITI / USDT

About Liti Capital

Switzerland-based Liti Capital is a Swiss Limited Liability Co. specializing in litigation finance and fintech. Liti Capital buys litigation assets to fund lawsuits and provide a complete strategic solution along with connections with 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. Co-Founder Jonas Rey heads one of the most successful intelligence agencies in Switzerland, Athena Intelligence. His two co-founders, Andy Christen and Jaime Delgado bring operational, innovation and technical skills together to round out the leadership team. David Kay, CIO, ran a billion-dollar NYC private equity litigation finance firm before joining Liti Capital.

Liti Capital Official Channels

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

Media Contact: pr@liticapital.com