Latham Advises Aztec on Aztec Network Mainnet Launch and US$60.8 Million Token Sale

Latham & Watkins has advised Aztec on the launch of the Aztec Network mainnet and the associated distribution of the AZTEC token, including the public AZTEC token sale raising 19,476 ETH (approximately US$60.8 million), with 50% of the capital raised from the Aztec community. The sale used a novel continuous clearing auction mechanism developed jointly with Uniswap Labs.

Latham’s role in advising on the launch and token distribution marks the culmination of its work advising Aztec over the past three years on all aspects of the project, including corporate, regulatory, benefits, commercial contracts, and data privacy matters.

The Latham team was led by London partner Stuart Davis, New York partners Stephen Wink and Jenny Cieplak, Hong Kong associate Sam Maxson, and London associate Sam Peacock; with London associates Jacopo Zonouzi and Imaan Nazir, and Washington, D.C. associate Hank Balaban. Advice was provided on benefits matters by Silicon Valley partner Ashley Wagner and London partner Sarah Gadd, with London associate Venice Ma; and on commercial contracts and data privacy matters by London partners Christian McDermott and Fiona Maclean, with London associates Clarence Cheong and Komal Shemar.