WilmerHale Advises DriveWealth in its Acquisition of Crypto-Systems
- 2.9.2022
WilmerHale represented DriveWealth, a pioneer in fractional investing and embedded finance, in its acquisition of Crypto-Systems, LLC, a company that offers tailored market-making services to platforms for digital assets to provide deep and stable liquidity, in a transaction that closed on January 18, 2022.
DriveWealth announced that following the acquisition of Crypto-Systems, its new subsidiary, DriveLiquidity will provide DriveWealth with the capability to trade cryptocurrencies on a proprietary basis using its algorithmic solutions. DriveLiquidity will act as a liquidity provider, both to DriveWealth and to other cryptocurrency venues. DriveWealth also launched DriveDigital as its cryptocurrency exchange platform as part of the company’s end-to-end crypto strategy.
The WilmerHale team advising DriveWealth was led by Stephanie Evans and included Adam Freiman, Tiffany Smith, Zachary Goldman, Julie Hogan Rodgers, Ashwin Gokhale, Mark Nylen, Ben Kelsey, Alex Bernstein and Stefanie Collantes-Bouvry.
