On December 3rd, the legal fintech company
LawCoin announced that it will tokenize its investment vehicle, LawCoin Investments. The firm claims it is the first company in the world to provide a platform to invest in litigation finance using blockchain technology.
The startup worked with
ConsenSys Codefi and its tokenization platform to digitize the asset on the Ethereum blockchain. The intention is to create security tokens and make them available to institutional and accredited investors.
The litigation finance sector has grown rapidly in the past decade and is estimated at
$9 billion by Bloomberg Intelligence. The strategy involves investors putting up money for legal cases, where neither the plaintiff nor the counsel is ready to bear the financial burden.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
