Liti Capital SA, a Swiss-based litigation funding provider that has opened up private equity investing to the masses through blockchain technology, is launching staking for its wLITI token.
Starting on September 13, wLITI token holders will be able to stake their tokens and receive wLITI in return. “Staking is a crucial tool to be attractive in the DeFi space and to reward our community for supporting us long term,” says Jonas Rey, Liti Capital’s co-founder. Token holders can stake their tokens by heading to the Liti Capital app, on the Liti Capital website, connecting a compatible wallet and selecting staking. The product does not require holders to go through any know-your-customer (KYC) checks. At launch there will be three options for users to stake their wLITI tokens: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.
For project information, please read the Whitepaper. For token distribution, please read Tokenomics. 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 Liti Capital Reddit: https://www.reddit.com/r/liticapitalThe International Legal Finance Association (ILFA) has appointed Gary Barnett as Executive Director and General Counsel. Launched 12 months ago, ILFA (ilfa.com) is the first-ever global association devoted to the growing commercial legal finance industry.
Previously at the U.S. Department of Justice (DOJ), Barnett served in various roles since 2017, most recently as Senior Counselor to the Attorney General in the Office of the Attorney General. Barnett also served as the DOJ’s Acting Director in the Office of Victims of Crime and Acting Chief of Staff to the Attorney General. Prior to joining the DOJ, he was the Staff Director and Chief Counsel to the U.S. Senate Judiciary Committee’s Subcommittee on Privacy, Technology and the Law. Barnett received his J.D. from Georgetown University Law Center and his B.A. in History and Economics from Boston University.
Gary Barnett, Executive Director and General Counsel of ILFA said: “I am honored to have the opportunity to lead ILFA and to help shape the future of this important and exciting global industry that provides untold benefits to businesses, consumers, and societies across the world, by supporting a just legal system and the rule of law.”
Leslie Perrin, Chair of ILFA said: “We are thrilled that Gary is leading the charge on behalf of ILFA’s members to foster the sustainable development of the legal finance industry. His vast experience within the US Department of Justice, his global perspective and commitment to the rule of law are a huge asset to the Association and its members, as well as users of legal finance around the world.”
ILFA membership includes the world’s leading commercial legal finance firms, who are founding members—Burford Capital, Harbour Litigation Funding, Longford Capital, Omni Bridgeway, Therium and Woodsford Litigation Funding. ILFA is the global voice of the commercial legal finance industry, representing its interests before governmental bodies, international organizations and professional associations and serving as a clearinghouse of relevant information, research and data about the uses and applications of commercial legal finance. Incorporated in Washington, D.C., ILFA also has a significant presence in London, Brussels and Australia.
Since launching in September 2020, eight additional members have joined: Law Finance Group, Nivalion, Parabellum Capital, Innsworth Advisors, D.E. Shaw & Company, Fortress Investment Group, TRGP Capital and Validity Finance. Membership is open to any professional commercial legal finance firm that satisfies ILFA’s membership criteria.