In “initial litigation offerings,” the new business intends to allow regular Americans to wager on civil cases by allowing them to purchase and trade-related crypto tokens.
By enabling regular Americans to wager on civil cases through the purchase (and trading) of related crypto tokens, a new software business hopes to establish itself as “the stock market of litigation funding.” The firm expects that by doing this, it would be able to finance claimants who otherwise would not be able to do so. This is because, via the tokenization of civil cases, tech startup wants to create a liquid market that would provide investors with more options to diversify their portfolios.
Furthermore, tech startup wants to gamify crypto by allowing users to bet on the outcomes of court trials. This will enable users to speculate on the outcome of cases and hopefully earn a return if the case is resolved in their favor. In turn, tech startup believes that this will make crypto more accessible and attractive to the everyday investor looking for alternative investments.
Tech startup also wants to integrate blockchain technology into its platform in order to create a secure, reliable system of record-keeping that would ensure the transparency and accuracy of data. Additionally, tech startup wants to use blockchain technology in order to create a decentralized platform that would enable investors to trade their tokens without having to rely on a centralized third party.
If a tech startup is successful in its endeavors, it could revolutionize the way people invest in civil cases by creating an entirely new asset class of litigation investments. This could create a new market for investors looking for alternative ways to diversify their portfolios and invest in tech. Furthermore, by making crypto more accessible and attractive to the everyday investor, tech startup wants to help bring crypto into the mainstream.
Overall, tech startup seeks to revolutionize the way people invest in civil cases by leveraging blockchain technology and creating an entirely new asset class of litigation investments.
At this time, a tech startup is looking for investors to help realize their vision of creating the “stock market of litigation funding.” They are dedicated to making their platform as secure, reliable, and transparent as possible. With the right resources and backing, tech startup believes they can revolutionize the way people invest in civil cases.
Ryval, founded by CEO Peter Roche, hopes to revolutionize the legal system in South Africa with its innovative crowdfunding platform. The company expects investors will be attracted not only by potential returns but also an opportunity for those who need it to access these resources pro bono. To this end, Ryval has implemented safeguards such as vetting claims and a comments page where people can have their say on particular cases before any action is taken – creating what could be considered a ‘gating function’. Summing up his ambition for justice reform Mr Roches said “Access to capital creates better justice systems” – let’s hope he achieves that goal!