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Latham & Watkins Advises Eigen Labs in Acquisition of Rio Network

June 14, 2024
Firm represented the restaking platform in acquisition accelerating open innovation.

Eigen Labs, the company behind the EigenLayer protocol, has announced the acquisition of the restaking platform Rio Network, a network for issuing Liquid Restaking Tokens (LRTs). The Rio team will join Eigen Labs and focus on supercharging the EigenLayer ecosystem, which enables users to reuse their already staked assets, like Ether, to secure additional blockchains.

Latham & Watkins LLP advised Eigen Labs 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.