Mastercard’s Acquisition of CipherTrace

Wilson Sonsini Goodrich & Rosati advised Mastercard on the deal.

Mastercard announced that it will extend its capabilities deep into the field of digital assets with an agreement to acquire CipherTrace, a leading cryptocurrency intelligence company with insight into more than 900 cryptocurrencies. The integrated offering will build on CipherTrace’s suite of digital assets and Mastercard’s cyber security solutions to provide businesses with greater transparency to help identify and understand their risks and to help manage their digital asset regulatory and compliance obligations. The terms of the agreement were not disclosed.

The acquisition enables Mastercard to combine the technology, AI, and cyber capabilities of both companies to differentiate its card and real-time payments infrastructure, allowing customers and stakeholders globally to build upon and benefit from the solutions to protect their consumers and comply with regulations as they build their own virtual asset offerings. CipherTrace will also help drive continued innovation with a diverse range of partners, such as fintechs, crypto-wallet providers, and governments, while allowing the company to deliver on the principles it has established for all blockchain-related programs.

The deal is part of Mastercard’s strategy in the digital assets space to help provide customers, merchants, and businesses with more choice in how they move digital value. It follows a number of investments the company has made, including partnerships with Uphold, Gemini, and BitPay to create crypto cards; the creation of new platforms to test and support Central Bank Digital Currencies; programs to support the broader use of blockchain technology and NFTs; and the potential to support select stablecoins directly on its network.

The Wilson Sonsini team advising Mastercard in the transaction included: Martin Korman (Picture), Brian Keyes, Ben Dickson, Stacy Lee, Katherine Fuller, Cédric Burton, Matt Staples, Laura De Boel, Daniel Chen, Carol Evrard, Dantam Le, Sam Meijer, Michael O’Brien, Edward Ruse, Adam Shevell, Scott McKinney, Rob Parr, Ben Hawkins, Allegra Sachs, Whitman Shaw, Amy Simmerman, Adrian Broderick, Nathan Emeritz, Tiphanie Cascella, Stephen Heifetz 
Seth Cowell, Jonathan Davey, David Thomas, Michael Montfort, Rebecca Stuart, Heather Diles, Tarek Helou, Andy Cordo, John Roberts, Stephen Cheng, Sierra Bunnell, Derek Wallace and Trent McKenzie.

Involved fees earner: Adrian Broderick – Wilson Sonsini Goodrich & Rosati; Sierra Bunnell – Wilson Sonsini Goodrich & Rosati; Cédric Burton – Wilson Sonsini Goodrich & Rosati; Tiphanie Cascella – Wilson Sonsini Goodrich & Rosati; Daniel Chen – Wilson Sonsini Goodrich & Rosati; Stephen Cheng – Wilson Sonsini Goodrich & Rosati; Andrew Cordo – Wilson Sonsini Goodrich & Rosati; Seth Cowell – Wilson Sonsini Goodrich & Rosati; Jonathan Davey – Wilson Sonsini Goodrich & Rosati; Laura De Boel – Wilson Sonsini Goodrich & Rosati; Ben Dickson – Wilson Sonsini Goodrich & Rosati; Heather Diles – Wilson Sonsini Goodrich & Rosati; Nathan Emeritz – Wilson Sonsini Goodrich & Rosati; Carol Evrard – Wilson Sonsini Goodrich & Rosati; Ben Hawkins – Wilson Sonsini Goodrich & Rosati; Stephen Heifetz – Wilson Sonsini Goodrich & Rosati; Tarek Helou – Wilson Sonsini Goodrich & Rosati; Brian Keyes – Wilson Sonsini Goodrich & Rosati; Martin Korman – Wilson Sonsini Goodrich & Rosati; Dantam Le – Wilson Sonsini Goodrich & Rosati; Stacy Lee – Wilson Sonsini Goodrich & Rosati; Trent McKenzie – Wilson Sonsini Goodrich & Rosati; Scott McKinney – Wilson Sonsini Goodrich & Rosati; Sam Meijer – Wilson Sonsini Goodrich & Rosati; Michael Montfort – Wilson Sonsini Goodrich & Rosati; Michael O’Brien – Wilson Sonsini Goodrich & Rosati; Rob Parr – Wilson Sonsini Goodrich & Rosati; John Roberts – Wilson Sonsini Goodrich & Rosati; Edward Ruse – Wilson Sonsini Goodrich & Rosati; Allegra Sachs – Wilson Sonsini Goodrich & Rosati; Adam Shevell – Wilson Sonsini Goodrich & Rosati; Amy Simmerman – Wilson Sonsini Goodrich & Rosati; Matt Staples – Wilson Sonsini Goodrich & Rosati; Rebecca Stuart – Wilson Sonsini Goodrich & Rosati; David Thomas – Wilson Sonsini Goodrich & Rosati; Derek Wallace – Wilson Sonsini Goodrich & Rosati;

Law Firms: Wilson Sonsini Goodrich & Rosati;

Clients: Mastercard;

Martina Bellini

Author: Martina Bellini