Lighter Founder Clarifies All Economic Value Flows to Token Holders; $68M Funding Round Oversubscribed 5x

LIT1.30%
According to Lighter founder Vladimir Novakovski in a post on X today, all economic value generated by Lighter will belong to token holders. The company's equity cap table has been converted into a token cap table at TGE (token generation event), with stock ownership previously held by investors and employees now represented in the token structure. Novakovski noted that in the months before TGE, Lighter completed its final equity funding round, which raised $68 million with 5x oversubscription attracting over $300 million in funding interest. More than 99% of equity holders chose to retain their positions rather than exit at a higher valuation, affirming support for the value accumulation model.
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