Latham & Watkins Advises W3C Corp in Acquisition by Exodus to Become an On-Chain Payments Giant

Latham & Watkins LLP represented W3C Corp in connection with the transaction involving Exodus Movement, Inc., which is acquiring W3C Corp as the parent of Monavate Holdings Ltd. and Baanx.com Ltd. and Baanx US Corp. Exodus Movement, Inc. (NYSE American: EXOD), a leading self‑custodial cryptocurrency platform, has entered into a definitive agreement to acquire Monavate Holdings Ltd. and its subsidiaries (collectively, Monavate) and Baanx.com Ltd. and Baanx US Corp (Baanx) through its acquisition of W3C Corp. The acquisition is subject to regulatory approvals. Upon closing, Exodus plans to enter the arena of on‑chain payments, positioning itself as one of the few self‑custodial wallets to control the end‑to‑end payments experience from wallets to cards. Latham & Watkins LLP represented W3C Corp with a team composed by: a corporate team led by London partner Robbie McLaren and Bay Area partner Tessa Bernhardt, with associates Christopher Lim, Pierre‑Axel Aberg, Jacopo Zonouzi, Anuj Ezekiel, and Alice Han; advice on UK and EU regulatory matters from London partner Stuart Davis, with associate Brett Carr; finance advice from New York/Los Angeles partner Nathan Whitaker and London partner Ross Pooley, with associates Patrick McDonald, Julia Steinberg, and Michelle Cha; tax advice from Bay Area partner Grace M. Lee and London partner Karl Mah, with associates Gregory Conyers and Mimi Kyprianou; executive compensation, employment, and benefits advice from London partner Kendall Burnett and Bay Area partner James Metz, with consultant Rebecca Fielding and associate Jennifer Lin; intellectual property and privacy advice from Bay Area partner Michelle Gross, with associates Elva Cullen, Ryan Sanders, Kiara Vaughn, and Eric Gonzalez; digital assets and financial regulatory advice from New York partner Jenny Cieplak and Washington, D.C. partners Barrie VanBrackle and Parag Patel, with associate Connor Jobes; trade controls and sanctions advice from Washington, D.C. partner Eric Volkman, with associate Matthew Crawford; anti‑bribery and anti‑corruption advice from Washington, D.C. partner Erin Brown Jones; antitrust advice from Bay Area partner Kelly Fayne, Brussels partner Tomas Nilsson, and Washington, D.C. partner Peter Todaro; and capital markets advice from Washington, D.C. partners Paul Dudek and Michele Anderson.

Latham & Watkins Advises W3C Corp in Acquisition by Exodus to Become an On-Chain Payments Giant

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