Tokenised funding and initial litigation offerings: the new kids putting third-party funding on the block

【Author】 Chaisse, Julien; Kirkwood, Jamieson

【Source】LAW AND FINANCIAL MARKETS REVIEW

【影响因子】0.000

【Abstract】This article presents a critical assessment of how blockchain technology is disrupting the monetisation of litigation claims through tokenization - and consequently further shaking up a revolutionary area in litigation financing. The significance in litigation financing is chiefly because tokenization presents securities to the general public in a far more accessible way than was previously the case - and even might enable non-accredited investors to participate in certain litigation financing investments for the first time (or with reduced barriers to entry). The assessment also considers the implications of a litigation pool that was already growing towards USD 20 billion, potentially now getting even larger. We further consider the regulatory challenges and the new moral hazards created in this fast-moving space.

【Keywords】third-party funding; security token offering; initial litigation offering; legal tech; crypto

【发表时间】

【收录时间】2023-01-14

【文献类型】观点阐述

【主题类别】

区块链治理-法律治理-数字货币监管