Fenchurch Legal, a specialist in litigation funding for small and medium-sized UK law firms, has partnered with Altify, a regulated South African alternative investment platform connecting retail and institutional investors with tokenised private market assets.
This collaboration will offer investors access to Fenchurch Legal’s litigation funding investments via Altify’s digital platform.
Through this partnership, Altify has launched the world’s first legal finance security token on the Bitcoin Liquid network, with the ticker ALFI.
Each token is 1:1 dollar-backed by Fenchurch Legal’s litigation finance loan notes. This Real-World Asset (RWA) tokenisation approach democratises access to the niche market of litigation finance—an investment category traditionally reserved for high-net-worth individuals and specialist finance institutions.
With ALFI, Altify’s 75,000 South African clients can now invest, with as little as $100, in a diversified portfolio of senior secured loans extended to vetted UK law firms. ALFI is a USD-denominated security token offering a fixed annual yield of 11% with quarterly interest payments.
The UK litigation finance market is experiencing robust growth, with increased investor demand. Fenchurch Legal’s Loan Note offering has seen investor uptake increase by 90% from Q2 to Q3 this year. This growth is driven by law firms seeking funding for increased case volumes and investors’ interest in stable, alternative assets.
This partnership marks a strategic milestone for Fenchurch Legal, aligning with its vision to expand and connect with a wider pool of investors. By joining Altify’s platform, Fenchurch diversifies its funding sources and strengthens its ability to support law firms in the rapidly growing litigation finance sector.
Louisa Klouda (pictured), CEO of Fenchurch Legal, said: “This partnership with Altify marks a key growth milestone for Fenchurch Legal, and we are delighted to be the first company to join their new private debt offering.
"Being on the Altify platform allows us to diversify our funding sources and increase our lending power, allowing us to further support law firms and meet the growing demand for litigation finance in the small consumer claims market.
"Altify investors will benefit from Fenchurch Legal’s investment structure, where loans are secured against case proceeds, proceeds of insurance policies, law firm assets and PGs of shareholders, enhancing investor capital protection.
"We look forward to collaborating with Altify, a company that shares our commitment to technology and innovative financial solutions.”
Sean Sanders, CFA Charterholder and CEO of Altify, added: “Fenchurch Legal’s exceptional track record in funding UK law firms and delivering steady returns within a niche alternative asset class makes them an ideal partner for Altify.
"Legal finance is a compelling investment category for portfolio diversification, as it is largely uncorrelated with traditional economic cycles. However, minimum investments in this category have historically been in the six figures making it a largely unattainable asset class for most investors.
"The ALFI token addresses the accessibility challenge, by providing South African clients with the opportunity to own a single token and start investing with the equivalent of $100.
"This partnership also shifts the landscape of legal finance, as traditionally only the lawyers profit from legal disputes, but with ALFI, both lawyers and investors can earn an attractive return.
"This is a new era for portfolio diversification, and we are thrilled to be at the forefront.”
