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TGS Baltic Advises Cryptofex on Licensing and Investor Attraction Process

TGS Baltic Advises Cryptofex on Licensing and Investor Attraction Process

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TGS Baltic's Latvian and Estonian teams have helped Cryptofex, a fintech specialized in cryptocurrency exchange and customer wallet services, obtain a license from the Estonian Financial Intelligence Unit.

The Estonian Financial Intelligence Unit is an independent structural unit of the Estonian Police and Border Guard Board, which analyses and verifies information about suspicions of money laundering or terrorist financing, takes measures for the preservation of property where necessary, and notifies competent authorities upon detection of elements of a criminal offense.  

TGS Baltic has also represented Cryptofex in investment attraction process, facilitating the cooperation with MBK Co Ltd., a strategic investor from Japan listed on Tokyo Stock Exchange 2nd section. The cooperation with MBK Co Ltd will help Cryptofex’s further business development and expansion to European markets. 

The project was led by TGS Baltic Senior Associate Alise Eljasane.

Latvian Knowledge Partner

COBALT is closely integrated alliance of top-tier law offices in Estonia, Latvia, Lithuania and Belarus, making us one of the largest law firms in the Baltic market. 

COBALT is a trusted partner for daily matters and complex large-scale transactions and disputes. The firm’s broad spectrum of expertise and established position as the market leader give a comprehensive basis for providing advice on special areas of business law.

We advise top international and regional businesses, financial institutions, state and local governments, and the region’s most promising start-ups. We offer leading-edge solutions in key industry sectors: Consumer Products, Trade & Distribution, Real Estate & Construction, Pharmaceuticals & Healthcare, Energy & Utilities, Communications, Media & Technologies, Financial Services, Transport & Logistics.

COBALT has been named Baltic Law Firm of the Year 6 times. We were recognized as the Most Innovative Law Firm of the Year 2019 in the Baltics at the IFLR European Awards in London. COBALT also won CEE Legal Matters Deal of the Year Award for Estonia, Latvia, and Lithuania, as well as the overall Baltic Deal of the Year, at the 2019 CEE Legal Matters Awards. We have received multiple awards from the Chambers Europe, IFLR, The Lawyer and Mergermarket and we are regularly listed amongst the top performing M&A legal advisors in the Bloomberg, Thomson Reuters and Mergermarket deal tables

More information on Cobalt can be found at www.cobalt.legal

All News about Cobalt can be found here.

 

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