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Home/News Feed/Lite Strategy invests $1M in LitVM to enable smart contracts on Litecoin

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Lite Strategy invests $1M in LitVM to enable smart contracts on Litecoin

Protocol Fundamentals

18 Jun 2026

Crypto Briefing

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Bullish

Lite Strategy, a Nasdaq-listed company holding Litecoin as its main treasury asset, has invested $1 million in ZK Innovations, the developer of LitVM. LitVM is building a Layer-2 zero knowledge platform to bring smart contracts, DeFi, tokenized assets, and cross-chain liquidity to Litecoin, which has primarily been used for payments. This investment gives Lite Strategy governance rights and potential future tokens, aligning it more closely with Litecoin's infrastructure development. The upcoming LitVM mainnet will introduce scalability, Ethereum compatibility, and trustless bridging, expanding Litecoin's utility while maintaining its security and decentralization.

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