The name is the thesis. Lex — the Latin word for law — joined to AI. A private marketplace where legal assets are traded between sophisticated counterparties, with artificial intelligence doing the work that human teams shouldn't have to.
Litigation finance, judgment monetization, and structured legal receivables have become real asset classes — but they still trade like a 90s bond market: phone calls, email attachments, and bespoke spreadsheets. That works at a handful of deals a year. It does not work at portfolio scale, across vintages, with institutional reporting standards.
Alexi exists because two things finally arrived at the same time. First: enough of the market is now institutional, repeat, and accredited that a private venue makes sense. Second: AI is finally good enough to read a docket, an expert memo, and a fund's mandate together — and write the read.
Markets that price risk well are markets where buyers and sellers see the same data, in the same shape, at the same time.
Underwriting models for legal assets should be class-specific, transparent, and explainable — never a black-box score.
AI should compress the work, never the judgment. Every model output is sourced; every commentary cites the file.
The right participants on a venue beats the most participants. We onboard slowly and on purpose.
Senior practitioners from litigation finance, structured credit, and applied ML — with the lawyers and engineers to back the work up.
Origination, structuring, and secondary trading across the legal asset stack.
In-house counsel and underwriting leads with prior practice in commercial litigation, IP, and bankruptcy.
Quantitative modelling, NLP over docket and judgment text, and applied ML calibration.
Counterparty diligence, accreditation, sanctions, and AML across jurisdictions.
Recursus Capital backs the platform and provides the institutional infrastructure — diligence, compliance, and treasury — that a private venue for legal assets requires.
Alexi Trading is a private platform offered to verified accredited and institutional counterparties only. Nothing on this site constitutes investment, legal, or tax advice, or an offer to sell or solicitation to buy any security. Asset-level scoring and AI-generated commentary are produced by models with documented limitations; outputs are decision support, not decisions. Counterparties retain full responsibility for diligence and investment decisions on their own positions.