We are advising NYDIG on the transaction

Davis Polk is advising NYDIG on its acquisition of Bottlepay. The acquisition will allow NYDIG to integrate Bottlepay’s Lightning Network infrastructure into its existing full-stack bitcoin platform. Financial terms of the transaction were not disclosed.

NYDIG is a bitcoin company powering a more inclusive economic system. Delivering technology and financial services to banks, fintechs, insurers and corporations, NYDIG’s full-stack bitcoin platform is built to the highest security, regulatory and operational standards. Bottlepay, a U,K.-based company, builds payment products on top of the Bitcoin and Lightning networks so that consumers and businesses can leverage the open monetary system of the future.

The Davis Polk corporate team includes partner Lee Hochbaum, counsel Simon J. Little and associates Jerry O’Young and James Ufland. The tax team includes partners Ethan R. Goldman and Jonathan Cooklin and counsel Dominic Foulkes. Partner Veronica M. Wissel is providing executive compensation advice. The intellectual property and technology transactions team includes partner Pritesh P. Shah and associate Jesse L. Hallock. Associate Mark Chalmers is providing financial institutions advice. Members of the Davis Polk team are based in the New York and London offices.

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