MSP Recovery shares surge 15.27% intraday after launching blockchain-based healthcare claims platform LifeChain on Polygon.

MSP Recovery surged 15.27% intraday following the announcement of its partnership with Tokenology to launch LifeChain, a blockchain-based platform for tokenizing medical claims on the Polygon network. The platform aims to streamline access to medical records, reduce fraud, and enhance transparency for patients, providers, and insurers. This development aligns with the company’s focus on leveraging technology to improve healthcare efficiency, positioning it as a strategic growth initiative. While a Nasdaq delisting notice (bearish) and conflicting legal retractions (ambiguous) were reported, the blockchain platform’s launch directly drove the intraday rally by highlighting innovation and operational potential.