Cuatrecasas advises Bison Bank on stablecoin launch
Cuatrecasas has provided legal counsel to Bison Bank on the issuance of the “Bison Bank Electronic Money Token”, Portugal’s first stablecoin. The crypto-asset is available in two versions: the EUB, pegged to the euro, and the USB, pegged to the US dollar, and is designed to facilitate fast, secure, and transparent international payments and transfers.
Deal details
The transaction was structured in compliance with the EU’s Markets in Crypto-Assets regulation (MiCA), as well as sector-specific legislation applicable to banking and electronic money. Cuatrecasas supported Bison Bank from the design of the operational and legal structure through to the drafting of the whitepaper.
Bison Bank is a Portuguese bank specialising in investment banking, depositary services, corporate advisory, and crypto-assets. The bank had previously worked with Cuatrecasas in 2022, when the firm advised on obtaining registration from the Banco de Portugal for Bison Digital Assets, a subsidiary, for virtual asset activities.
Legal teams
The Cuatrecasas team advising Bison Bank was led by Nuno Lima da Luz (pictured), from the Technology and Telecommunications practice, and included Tomás Gomes da Silva, from the Finance practice. The team also had the contribution of external consultant Paulo Cardoso do Amaral, a university professor with a doctorate in Information Systems, who provided technical and strategic input.
