FTX US Cryptocurrency Exchange’s Acquisition of Embed Financial Technologies

Perkins Coie advised Embed Financial Technologies Inc. on the deal.

Embed Financial Technologies Inc., the parent company of Embed Clearing LLC, announced its agreement to be acquired by FTX US.

Embed is a correspondent clearing firm specializing in providing white-label brokerage services and application programming interfaces (APIs) to broker-dealers and registered investment advisors. FTX is a U.S.-regulated cryptocurrency exchange. This merger will allow Embed and FTX US to fulfill their shared goal of providing white-label brokerage services to other businesses, applications, and customers, in addition to a shared commitment to using best-in-class technology to ensure operational robustness.

The Perkins Coie deal team was led by Portland Partner Joe Bailey (Picture) and included associates Angie Burcham and Tom Vogt.

 

Involved fees earner: Angie Geng Burcham – Perkins Coie; Joe Bailey – Perkins Coie; Thomas Vogt – Perkins Coie;

Law Firms: Perkins Coie;

Clients: Embed Financial Technologies Inc.;

Martina Bellini

Author: Martina Bellini