Created Date:
06 March 2024
digital assets

Carey Olsen advises XBTO Global on acquisition of Stablehouse and XBTO International

Carey Olsen's fintech team in Bermuda has advised digital assets and tailored investment solutions group XBTO Global on its dual acquisition of Bermuda licensed digital asset businesses Stablehouse Ltd ("Stablehouse") and XBTO International Ltd ("XBTO International").

Stablehouse is a digital asset custody and trading platform that helps institutions mitigate risk with security, insolvency remote protection and regulatory compliance, and its combined acquisition together with XBTO International by XBTO Global allows the group to provide integrated and comprehensive digital asset services through a single platform.

In addition to enhancing XBTO Global's custody offering, the Stablehouse merger will expand the suite of digital asset services offered to institutional investors, including vault custody, institutional trading, asset management and market making activities.

Both Stablehouse and XBTO International are regulated by the Bermuda Monetary Authority and were subject to regulatory oversight and approvals during the course of this transaction.

The team advising XBTO Global comprised Steven Rees Davies, senior associate Alexandra Fox and associates George McCallum and Matthew Dulaney.

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