Fenwick & West represented Coinbase, Inc., a leading digital currency wallet and platform where merchants and customers can transact with new digital currencies, in its pending acquisition of Keystone Capital Corp., Venovate Marketplace, Inc. and Digital Wealth LLC. Financial terms of the transaction were not disclosed.
The acquisition is subject to customary closing conditions. If the acquisition is consummated, Coinbase would obtain a broker-dealer license (B-D), alternative trading system license (ATS) and a registered investment advisor license (RIA). More information about the transaction can be obtained by Coinbase’s blog post.
The Fenwick transaction team included corporate lawyers Michael Brown, Bomi Lee, Maureen Montgomery, Kyle Canchola and Michael Ohta; technology transactions lawyers Ralph Pais and Arjun Ravi; executive compensation and employee benefits lawyers Shawn Lampron, Kristin O’Hanlon and Sarah Ghulamhussain; and tax lawyers Idan Netser and Marianne Tassone.