Blockchain Legal Funding Raises Questions New And Old

By Elise Hansen (November 4, 2021, 2:48 PM EDT) -- A form of litigation funding that merges crowdfunding with blockchain technology could help draw more retail investors into litigation finance, but also comes with questions about transparency and anonymity, experts told Law360.

Hemp company Apothio LLC last week launched an "initial litigation offering" to raise funds as it battles a California county in federal court over the destruction of hundreds of acres of hemp crops. The county says the hemp's THC levels were above the legal limit.

The offering, which is listed on the platform Republic, is proceeding under crowdfunding rules and uses blockchain as the underlying technology. Investors can buy...

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