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Latham & Watkins Advises Coinbase on Acquisition of One River Digital Asset Management
March 6, 2023
Cross-border, multidisciplinary deal team represented Coinbase in transaction that unlocks further opportunities for institutions to participate in the cryptoeconomy.
Coinbase has announced that it has acquired One River Digital Asset Management (ORDAM), a premier institutional digital asset manager and SEC-registered investment adviser. ORDAM will transition to become Coinbase Asset Management (CBAM) and will operate as an independent business and wholly-owned subsidiary of Coinbase. The acquisition aligns with Coinbase’s long-term strategy to unlock further opportunities for institutions to participate in the cryptoeconomy.
Latham & Watkins LLP represented Coinbase in the transaction with a corporate deal team led by Bay Area partner Mark Bekheit and Chicago partner Owen Alexander, with associates Edward Brennan, Michael Magstadt, Lou Jeffers, and Claudia Wang. Advice was also provided on investment funds matters by Houston partner Ivana Rouse and Chicago partner Laura Ferrell, with associate Daniel Filstrup; on benefits and employment matters by Chicago partner Nineveh Alkhas and Bay Area partner James Metz, with associate Niveda Anandan; on tax matters by Bay Area partner Grace Lee, with associates Jacob Meninga and Greg Conyers; on intellectual property matters by Los Angeles partner Ghaith Mahmood, with associates Ning Heather Lui and Jack Chai; on data privacy matters by Bay Area partner Michael Rubin and Houston partner Robert Brown, with associate Deborah Hinck; on commodities and derivatives regulation and enforcement matters by New York partner Yvette Valdez, with associate Tiiu Lemsalu; on anti-money laundering matters by London partner Stuart Davis and Washington, D.C. partner Parag Patel; on FCPA, anti-corruption, and anti-bribery matters by London partner Nathan Seltzer, with associate Jay Winkelman; on sanctions matters by Washington, D.C. counsel Andrew Galdes, with associate Ragad Alfaraidy; and on international sanctions matters by London partner Robert Price, with associate Amaryllis Bernitsa.
Latham & Watkins LLP represented Coinbase in the transaction with a corporate deal team led by Bay Area partner Mark Bekheit and Chicago partner Owen Alexander, with associates Edward Brennan, Michael Magstadt, Lou Jeffers, and Claudia Wang. Advice was also provided on investment funds matters by Houston partner Ivana Rouse and Chicago partner Laura Ferrell, with associate Daniel Filstrup; on benefits and employment matters by Chicago partner Nineveh Alkhas and Bay Area partner James Metz, with associate Niveda Anandan; on tax matters by Bay Area partner Grace Lee, with associates Jacob Meninga and Greg Conyers; on intellectual property matters by Los Angeles partner Ghaith Mahmood, with associates Ning Heather Lui and Jack Chai; on data privacy matters by Bay Area partner Michael Rubin and Houston partner Robert Brown, with associate Deborah Hinck; on commodities and derivatives regulation and enforcement matters by New York partner Yvette Valdez, with associate Tiiu Lemsalu; on anti-money laundering matters by London partner Stuart Davis and Washington, D.C. partner Parag Patel; on FCPA, anti-corruption, and anti-bribery matters by London partner Nathan Seltzer, with associate Jay Winkelman; on sanctions matters by Washington, D.C. counsel Andrew Galdes, with associate Ragad Alfaraidy; and on international sanctions matters by London partner Robert Price, with associate Amaryllis Bernitsa.