Cuatrecasas Portugal advises on sale of crypto payment company

Cuatrecasas Portugal has advised on the sale of a crypto payment company, Utrust, to Elrond Network

pjimage 2022 03 08T132304.916Cuatrecasas Portugal has advised on the sale of Utrust, a fintech pioneer in Portugal in cryptocurrency payment services, to Elrond Network, a Romanian company that developed its own blockchain to support Decentralised protocols Finance for faster and cheaper transactions.

This operation aims to achieve two goals: to make payments between companies faster, cheaper and safer, using blockchain technology; and converting payment processing services, which are now a cost to merchants, into an alternative source of income, in what the Elrond Network dubs “merchant yield”.

The Cuatrecasas team that advised the founders and shareholders of Utrust was coordinated by partner Vasco Bivar de Azevedo (pictured right, from the Corporate and M&A area, and included associates Nuno Lima da Luz (pictured left) (TMT), Tânia Alves (Corporate and M&A), Cátia Andrade (Tax) and Liliana Almeida de Moura (Labour).

Cuatrecasas Portugal advises on sale of crypto payment company

Michael Heron

Iberian Lawyer, is a monthly digital magazine, published by LC Publishing, available in Spanish and English. It represents the main source of information in the legal business sector in Spain and Portugal. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website

Iberian Lawyer
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio


Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram