Norton Rose Fulbright advises on global blockchain and digital assets industry association merger
Global | Press release - Business | May 2022
Global law firm Norton Rose Fulbright advised the Global Blockchain Business Council (GBBC) on its merger with Global Digital Finance Limited (GDF), which sees the establishment of the world's largest members' association for the blockchain technology and digital assets sector.
The GBBC is the leading global industry association for the blockchain technology ecosystem, with more than 350 institutional members and 180 Ambassadors from 96 jurisdictions and disciplines. GDF is the leading market standards association for the adoption of cryptocurrencies and digital assets.
The merger sees the two organisations join their respective resources, assets and membership, becoming the world’s largest industry association for the blockchain technology and digital assets ecosystem. The combined association will have nearly 500 institutional members and 178 ambassadors, operating across 95 jurisdictions and disciplines.
Norton Rose Fulbright’s corporate, tax, employment, intellectual property, financial services regulatory and data protection teams advised on the merger.
Norton Rose Fulbright partner Sean Murphy, who led the team advising on the deal, said: “It was a privilege to be able to work on such an important merger, which sees the establishment of the world’s largest industry association for the blockchain technology and digital assets ecosystem. This is an industry that has captured global interest and is undergoing huge growth, so it is only right that industry professionals have access to the vast opportunities – including in education, advocacy and partnerships - that can be provided by an extensive, international network.”
Norton Rose Fulbright is one of the world’s leading FinTech law firms. Its multidisciplinary, Tier 1-ranked FinTech practice comprises over 300 lawyers across the globe and advises clients on the legal, regulatory and policy challenges related to the development and deployment of technology in the financial services sector.