Litecoin Treasury Company Lite Strategy Leads $1 Million Strategic Investment in LitVM

CoinFeed June 20 news, according to Globenewswire, Nasdaq-listed Litecoin treasury company Lite Strategy announced it led a $1 million strategic investment in LitVM, while obtaining governance participation rights and potential subscription opportunities for future tokens. LitVM is a zero-knowledge Layer 2 scaling network built on Litecoin, and the new funds will support the introduction of smart contract capabilities and a programmable application layer for Litecoin after its mainnet launch.