Vladimir Novakovski said Lighter kept the same U.S. issuing entity through its TGE, raised $68 million in a heavily oversubscribed pre-TGE round, and has repurchased more than 16 million LIT while starting quarterly burns.
Lighter founder Vladimir Novakovski said all economic value generated by the decentralized perpetual futures exchange will accrue to token holders, with the project using the same U.S. entity for pre-TGE equity issuance and token issuance through its TGE. He said Lighter’s final pre-TGE equity round raised $68 million and attracted more than $300 million of interest, about 5x oversubscribed. Novakovski also said fewer than 1% of equity holders chose to sell after being told future value would be reflected only in the token cap table, and that the protocol has repurchased more than 16 million LIT tokens and recently began quarterly token burns. Separately, he said on-chain fundraising and crypto-based stock tokenization could become widespread once the CLARITY Act and a broader U.S. SEC regulatory framework overhaul are completed.