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Fenwick Represents Coinbase in Acquisition of Distributed Systems Team

August 15, 2018

​​Fenwick & West represented Coinbase, Inc., a leading digital currency wallet and platform where merchants and customers can transact with new digital currencies, in acquiring the Distributed Systems team to join Coinbase to work on decentralized identity solutions. Financial terms of the transaction were not disclosed.

In connection with the transaction, the Distributed Systems team will be joining Coinbase. As Coinbase continues to bring cryptocurrency into the mainstream and help create an open financial system, the team will research new and innovative ways of validating and verifying identity. More information about Coinbase’s acquisition of Distributed Systems can be obtained from the company announcement.

The Fenwick transaction team included corporate lawyers Michael Brown, Bomi Lee, Maureen Montgomery and Kyle Canchola; and executive compensation and employee benefits lawyers Shawn Lampron, Laura McIntyre and Sarah Ghulamhussain.