Latham & Watkins Advises Staked in Sale to Kraken

Firm advises on one of largest crypto industry deals to date.

December 21, 2021

Kraken, one of the world's largest digital asset platforms, has announced it has acquired Staked, a non-custodial staking platform that enables investors in Proof-of-Stake networks to easily and securely compound their holdings, for an undisclosed sum in one of the largest crypto industry acquisitions to date.

Latham & Watkins LLP represents Staked in the transaction with a corporate deal team led by Bay Area partners Mark Bekheit and Ben Potter, with associates John Bullock and Langston Tolbert. Advice was also provided on benefits and compensation matters by Bay Area partner Jay Metz and Los Angeles counsel Aryeh Zuber; on tax matters by Bay Area partner Grace Lee, with associate Derek Gumm; on intellectual property matters by Bay Area partner JD Marple; on privacy matters by Bay Area counsel Robert Blamires, with associate Adriana Beach; on HSR matters by Washington, D.C. counsel Patrick English; and on export control matters by Washington, D.C. partner Eric Volkman.

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