MME with Kraken on Backed Finance acquisition

MME advised Kraken, as the US-based cryptocurrency exchange acquired Swiss tokenized assets specialist Backed Finance, the developer of blockchain platform xStocks.

The MME team

Partners Alex Enzler (corporate/M&A, pictured left) and Ronald Kogens (fintech, pictured right) co-led the MME team on the matter. The firm’s lineup further included Christoph Nater (real estate), Martina Aepli (employment), Luca Hitz (IP/IT), Philipp Stadler (IP/IT), Corina Noventa (real estate), Fernando Tafur (fintech), Stephan Greber (corporate/M&A), Anna Schweizer (fintech) and Noëlle Glaus (IP/IT).

US law firm Jones Day, with a team led by Cameron Reese and Anna Kukharenok, served as Kraken’s lead counsel on the transaction.