Trial lawyer Kyle Roche of Roche Freedman LLP has launched Ryval, a tech business that seeks to be “the stock exchange of lawsuit funding.” The company intends to begin in the first quarter and will allow consumers to use tokens to wager on civil disputes.
“Ryval’s purpose is to make access to justice more inexpensive,” said Ryval co-founder Roche to Strachan. Ryval will gamify the court system by decentralizing the barrier to access shares in multi-billion dollar court disputes, according to the Vice editorial.
“What we do is present the tale, vet the legal claim, and then invite the public to invest and fund your case,” Roche explained to Strachan. “And what do investors get in exchange?” The public’s interest is piqued by the outcome of your case.”
“[Ryval’s] concentration will be on access to justice and taking on claims that we believe are meritorious,” Roche explained. “But, at the end, I don’t believe anyone should be in charge of concluding who has access to the courts.” I believe that access to the court system and the legal justice system should be provided to as many persons as the justice system can accommodate.“
It’s a wrap for now. Have a productive day, reader 🙂
