Krogerus advises Paxos on its acquisition of Membrane Finance

Krogerus advised Paxos, the leading regulated blockchain and tokenization infrastructure platform, on its acquisition of Membrane Finance, an Electronic Money Institution (EMI) based and licensed in Finland. Upon completion of the acquisition, Paxos will be a fully licensed EMI in Finland and the EU.

Paxos issues trusted USD-backed stablecoins. These digital assets are available to retail and institutional users in various markets around the world. The acquisition will allow Paxos to expand its globally regulated platform to serve European customers in a safe and compliant way. The acquisition is subject to regulatory approval.

The Krogerus team was led by Partner Marcus Möller and he was primarily assisted by Associate Niclas Ruotsalainen. Partner Paul Raade advised on financial regulatory matters and he was assisted by Counsel Joel Kanervo, Senior Associate Olli Silvennoinen and Associate Tiina Jääskeläinen. Partner Carola Möller advised on employment matters and she was assisted by Senior Associate Jenna Hallikainen and Associate Ada Hård af Segerstad. Partner Samu Lassila advised on tax matters.