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Latham & Watkins Advises EigenFoundation in Transaction to Acquire Code and Intellectual Property from Rio Network

June 14, 2024
Firm represented the developer of the Ethereum (ETH) restaking protocol EigenLayer in acquisition.

EigenFoundation has announced it has acquired Rio Network’s intellectual rights, including its liquid restaking token (LRT) technology, which will be open-sourced as a reference implementation in the EigenLayer ecosystem to better support new and developing LRTs.

Latham & Watkins LLP advised EigenFoundation in the acquisition with an Emerging Companies & Growth team led by Bay Area partners Ben Potter and Saad Khanani, with associate Chris Cruickshank. Advice was also provided on tax matters by Bay Area partner Kirt Switzer, with associate Dennis Poehland; on benefits and compensation matters by Bay Area partner Ashley Wagner, with associate Julia Lee; on securities law matters by New York partner Stephen Wink; and on IP matters by Bay Area counsel Arielle Singh, with associate Ryan Sanders.