Bird & Bird advises Blockdaemon on acquisition of Anyblock Analytics
Munich, Germany — Bird & Bird LLP has advised Blockdaemon, the world’s largest blockchain infrastructure company for node management (NFT) and staking, on its acquisition of German company Anyblock Analytics to expand its NFT offering and grow its European presence.
Anyblock is an infrastructure platform that provides API, on-chain analytics tools, monitoring and node hosting services for various blockchain networks. As part of the acquisition, the Anyblock team joins Blockdaemon, and the establishment of a local presence in Germany continues Blockdaemon’s expansion in Europe.
The acquisition significantly strengthens Blockdaemon’s portfolio of offerings, particularly through the expansion of its multi-chain API suite, Ubiquity. As Blockdaemon also deepens its infrastructure support for the NFT space, Anyblock’s team and tools will help support transactions behind the NFT ecosystem.
Consultant Blockdaemon: Bird & Bird
Partner Stefan Münch, Corporate/M&A, Counsel Michael Gassner and Associate Marcel Nurk, all Corporate/M&A, Munich, Partner Dr. Michael Jünemann and Associate Timo Förster, both Financing & Financial Regulation, Frankfurt, Partner Dr. Alexander Duisberg and Associate Goekhan Kosak, both Tech & Comms/Commercial, Partner Dr. Ralph Panzer, Counsel Sandy Gerlach and Associates Gizem Erdogan and Sven Fischer, all Labor Law, Associate Dominic Igel, IP, all Munich, Partner Dr. Stephan Waldheim and Associate Tamy Tietze, both Antitrust, Düsseldorf.
A particular challenge in the transaction was the regulatory analysis of the business, which includes both services and transactions related to tokens. Most tokens have been treated as financial instruments by the German regulator BaFin since 2013 and consequently most services related to them are also regulated financial services. With over eight years of experience in the field of crypto-assets and crypto-regulation, the Bird & Bird team was able to bring this transaction to a close without delay.
Blockdaemon has grown strongly in the past year, increasing its valuation by 70 times. The company has also deployed more than 25,000 nodes, averaged more than $10 billion in deployed assets per month, and greatly expanded its global footprint in cloud regions and diversified data centers. The addition of two new strategic investors — Tiger Global Management and JPMorgan — to Blockdaemon demonstrates the respected firms’ confidence in the company’s development and growth, and their increasing interest in cryptocurrencies and blockchain as they become more mainstream.