Cuatrecasas advises Tether’s investment arm on the acquisition of a minority stake in Bit2Me
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SubscribeCuatrecasas, together with McDermott, Will & Schulte, has advised Tether on the acquisition of a minority stake in the digital asset platform Bit2Me.
Tether, the largest company in the digital asset industry and issuer of USDT, the stablecoin with the highest market capitalisation, has acquired a minority stake in the digital asset exchange platform Bit2Me, which is the first Spanish fintech to have received authorisation from the Spanish Stock Exchange Commission to operate as a crypto asset service provider (CASP) under MiCA Regulation.
As stated by the parties involved, Tether’s investment will allow Bit2Me to boost its expansion plans in the European Union and strengthen its operations in Latin America.
McDermott, Will & Schulte and Cuatrecasas acted as Tether’s legal advisors. Cuatrecasas’s team was led by Fernando Mínguez, lawyer in the Corporate group (M&A - Financial Services and Insurance), together with Carlota Tojo and Julián Ruan. The transaction also included the participation of a multidisciplinary team from the Firm, including Álvaro Bourkaib (Intellectual and Industrial Property), Enrique Carrera (Foreign Investment Authorisations), Rebeca Rodríguez (Tax), Miguel Sánchez Monjo (Financial Regulation) and María López Ridruejo (Competition and European Union Law).
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