Cravath, Swaine & Moore LLP Logo
  • Practices
  • People
  • Careers
  • News & Insights
  • Practices
  • People
  • Careers
  • News & Insights
  • Our Story
  • The Cravath System
  • Diversity & Inclusion
  • Pro Bono
  • Alumni Journal
  • 200.Cravath

Cravath’s London Office Moves to 100 Cheapside

Read More

Industries

Fintech

Fintech

Cravath brings sophisticated legal expertise and business judgment to fintech matters in the global digital economy and the trading and markets ecosystem. Our depth of experience advising on leading‑edge issues, often in uncharted territory, uniquely positions the Firm to partner with clients exploring opportunities and facing challenges inherent in these evolving areas of business and law.

We represent clients ranging from early‑stage companies to the full universe of global financial institutions within the trading and markets ecosystem on the legal and business issues most important to growth and investment in all areas of fintech. The cross‑disciplinary advice we provide spans transactional, financing and restructuring, tax, regulatory, intellectual property, litigation, strategic and policy matters.  

Cravath has advised on matters involving blockchain and digital assets, decentralized finance (DeFi), the token economy and Web3 more generally. We also counsel on market structure in connection with the impact of fintech innovations on capital markets, and are on the forefront of litigating foundational and unprecedented issues in the field. Our deep experience in trading and markets regulatory and compliance matters, including in the areas of SEC and FINRA regulation—particularly as related to ATS, exchange and broker‑dealer regulation—enable us to help U.S. and international clients navigate these complex areas and craft bespoke frameworks and arrangements to fit the unique needs of our clients.

Our attorneys are influential thought leaders who provide insights into emerging and complex issues, including the future of money and future of banking policy debate and developments, as well as intellectual property rights within a Web3 environment. Cravath is recognized in the areas of fintech, financial services litigation, financial services regulatory and securities regulation and litigation by numerous third‑party publications and has been named Fintech Law Firm of the Year by The Deal and a Fintech Practice Group of the Year by Law360.

We represent clients ranging from early‑stage companies to the full universe of global financial institutions within the trading and markets ecosystem on the legal and business issues most important to growth and investment in all areas of fintech. The cross‑disciplinary advice we provide spans transactional, financing and restructuring, tax, regulatory, intellectual property, litigation, strategic and policy matters.  

Cravath has advised on matters involving blockchain and digital assets, decentralized finance (DeFi), the token economy and Web3 more generally. We also counsel on market structure in connection with the impact of fintech innovations on capital markets, and are on the forefront of litigating foundational and unprecedented issues in the field. Our deep experience in trading and markets regulatory and compliance matters, including in the areas of SEC and FINRA regulation—particularly as related to ATS, exchange and broker‑dealer regulation—enable us to help U.S. and international clients navigate these complex areas and craft bespoke frameworks and arrangements to fit the unique needs of our clients.

Our attorneys are influential thought leaders who provide insights into emerging and complex issues, including the future of money and future of banking policy debate and developments, as well as intellectual property rights within a Web3 environment. Cravath is recognized in the areas of fintech, financial services litigation, financial services regulatory and securities regulation and litigation by numerous third‑party publications and has been named Fintech Law Firm of the Year by The Deal and a Fintech Practice Group of the Year by Law360.

  • Deals & Cases
  • Recent News & Insights

Deals & Cases

June 17, 2025

Coupang, Inc.’s $1.5 Billion Revolving Credit Facility

Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $1.5 billion revolving credit facility made available to Coupang, Inc., a leading global technology and commerce company providing retail, restaurant delivery, video streaming and fintech services to customers around the world under brands that include Coupang, Coupang Eats, Coupang Play and Farfetch. The transaction closed on June 2, 2025.

Deals & Cases

June 17, 2025

Galaxy Digital Inc.’s First SEC‑Registered Underwritten Offering of Class A Common Stock

Cravath represented the underwriters in connection with the $683.6 million registered underwritten offering of Class A common stock of Galaxy Digital Inc., a global leader in digital assets and artificial intelligence infrastructure, delivering enduring solutions that accelerate the future digital economy. This was Galaxy Digital Inc.’s first underwritten public offering of its Class A common stock as a listed company on the Nasdaq Global Select Market. The transaction closed on June 3, 2025.

Deals & Cases

April 24, 2025

FactSet Research Systems Inc.’s $1.5 Billion of Credit Facilities

Cravath represented the borrower, FactSet Research Systems Inc., in connection with the arrangement of $1.5 billion of credit facilities used to refinance existing indebtedness and for working capital and other general corporate purposes. The facilities consisted of a $1 billion revolving credit facility and a $500 million term loan facility. The transactions closed on April 8, 2025.

Deals & Cases

February 14, 2025

Financing for Marlin Equity Partners’ Majority Growth Investment in Napier AI

On February 3, 2025, Marlin Equity Partners, a leading global investment firm, announced its majority growth investment in Napier Technologies Limited (Napier AI), a London‑based compliance technology firm supplying anti‑money laundering software to a global customer base. Cravath represented an affiliate of Marlin Equity Partners in the committed debt financing in connection with the transaction.

Deals & Cases

February 13, 2025

Dfinity Wins Summary Judgment in Purported Securities Class Action

On February 10, 2025, the Superior Court of California, County of San Mateo, granted summary judgment in favor of Cravath client Dfinity Foundation (“Dfinity), a Swiss not‑for‑profit entity working to create a smart contract platform designed to power blockchain versions of popular internet applications, in purported class action securities litigation.

Activities

June 11, 2025

Elad Roisman Testifies Before U.S. House Financial Services Committee on the Digital Asset Market Clarity Act of 2025

On June 4, 2025, Cravath partner and former Commissioner and Acting Chairman of the U.S. Securities and Exchange Commission Elad Roisman testified before the United States House Financial Services Committee. The hearing entitled “American Innovation and the Future of Digital Assets: From Blueprint to a Functional Framework” examined the Digital Asset Market Clarity Act of 2025, which sets forth a proposed digital asset market structure framework.

Activities

May 29, 2025

Jelena McWilliams Speaks at This Week in Fintech’s Stablecon 2025

On May 29, 2025, Cravath partner Jelena McWilliams participated in This Week in Fintech’s Stablecon 2025, which was held in New York. The conference hosted founders, c‑suite executives, regulatory authorities, venture capitalists and crypto innovators to discuss critical themes in the rapidly evolving stablecoin ecosystem, including regulatory frameworks, technological advancements, institutional adoption and the role of stablecoins in global commerce. Jelena spoke on a panel entitled “The Shifting Regulatory Sands of Stablecoins,” which reviewed the regulatory treatment of stablecoins, including the interplay of federal and state regulation, the effect of stablecoin legislation and regulation on the structure of the market and what to watch during the implementation of stablecoin regulation.

Publications

May 15, 2025

Jeff Dinwoodie Publishes Essay in Yale Journal on Regulation Blog on Net Capital and Crypto

On May 13, 2025, Cravath partner Jeffrey T. Dinwoodie published an essay in the Yale Journal on Regulation’s Notice & Comment blog entitled “Net Capital and Crypto.” The essay discusses how the application of the SEC’s Net Capital Rule to crypto will likely play a role in shaping crypto market structure under the emerging U.S. regulatory framework.

Publications

May 13, 2025

Cravath Publishes Finance & Capital Markets Quarterly Review for Q1 2025

On May 12, 2025, Cravath published the latest edition of its Finance & Capital Markets Quarterly Review, which has been redesigned for the Q1 2025 edition to provide greater insight into practical points, key takeaways and relevant developments related to the bond, equity and loan markets and restructuring activity during the first quarter of 2025. Highlights from this edition include:

Publications

May 13, 2025

Cravath Publishes Quarterly Review on Q1 2025 Trends in M&A, Activism and Corporate Governance

On May 12, 2025, Cravath published the latest edition of its Quarterly Review, which has been redesigned for the Q1 2025 edition to provide greater insight into practical points, key takeaways and relevant developments across the M&A, activism, tax, regulatory and corporate governance landscape. This edition covers:

Deals & Cases

June 17, 2025

Coupang, Inc.’s $1.5 Billion Revolving Credit Facility

Cravath represented the administrative agent, joint lead arranger and joint bookrunner in connection with a $1.5 billion revolving credit facility made available to Coupang, Inc., a leading global technology and commerce company providing retail, restaurant delivery, video streaming and fintech services to customers around the world under brands that include Coupang, Coupang Eats, Coupang Play and Farfetch. The transaction closed on June 2, 2025.

Deals & Cases

June 17, 2025

Galaxy Digital Inc.’s First SEC‑Registered Underwritten Offering of Class A Common Stock

Cravath represented the underwriters in connection with the $683.6 million registered underwritten offering of Class A common stock of Galaxy Digital Inc., a global leader in digital assets and artificial intelligence infrastructure, delivering enduring solutions that accelerate the future digital economy. This was Galaxy Digital Inc.’s first underwritten public offering of its Class A common stock as a listed company on the Nasdaq Global Select Market. The transaction closed on June 3, 2025.

Deals & Cases

April 24, 2025

FactSet Research Systems Inc.’s $1.5 Billion of Credit Facilities

Cravath represented the borrower, FactSet Research Systems Inc., in connection with the arrangement of $1.5 billion of credit facilities used to refinance existing indebtedness and for working capital and other general corporate purposes. The facilities consisted of a $1 billion revolving credit facility and a $500 million term loan facility. The transactions closed on April 8, 2025.

Deals & Cases

February 14, 2025

Financing for Marlin Equity Partners’ Majority Growth Investment in Napier AI

On February 3, 2025, Marlin Equity Partners, a leading global investment firm, announced its majority growth investment in Napier Technologies Limited (Napier AI), a London‑based compliance technology firm supplying anti‑money laundering software to a global customer base. Cravath represented an affiliate of Marlin Equity Partners in the committed debt financing in connection with the transaction.

Deals & Cases

February 13, 2025

Dfinity Wins Summary Judgment in Purported Securities Class Action

On February 10, 2025, the Superior Court of California, County of San Mateo, granted summary judgment in favor of Cravath client Dfinity Foundation (“Dfinity), a Swiss not‑for‑profit entity working to create a smart contract platform designed to power blockchain versions of popular internet applications, in purported class action securities litigation.

Activities

June 11, 2025

Elad Roisman Testifies Before U.S. House Financial Services Committee on the Digital Asset Market Clarity Act of 2025

On June 4, 2025, Cravath partner and former Commissioner and Acting Chairman of the U.S. Securities and Exchange Commission Elad Roisman testified before the United States House Financial Services Committee. The hearing entitled “American Innovation and the Future of Digital Assets: From Blueprint to a Functional Framework” examined the Digital Asset Market Clarity Act of 2025, which sets forth a proposed digital asset market structure framework.

Activities

May 29, 2025

Jelena McWilliams Speaks at This Week in Fintech’s Stablecon 2025

On May 29, 2025, Cravath partner Jelena McWilliams participated in This Week in Fintech’s Stablecon 2025, which was held in New York. The conference hosted founders, c‑suite executives, regulatory authorities, venture capitalists and crypto innovators to discuss critical themes in the rapidly evolving stablecoin ecosystem, including regulatory frameworks, technological advancements, institutional adoption and the role of stablecoins in global commerce. Jelena spoke on a panel entitled “The Shifting Regulatory Sands of Stablecoins,” which reviewed the regulatory treatment of stablecoins, including the interplay of federal and state regulation, the effect of stablecoin legislation and regulation on the structure of the market and what to watch during the implementation of stablecoin regulation.

Publications

May 15, 2025

Jeff Dinwoodie Publishes Essay in Yale Journal on Regulation Blog on Net Capital and Crypto

On May 13, 2025, Cravath partner Jeffrey T. Dinwoodie published an essay in the Yale Journal on Regulation’s Notice & Comment blog entitled “Net Capital and Crypto.” The essay discusses how the application of the SEC’s Net Capital Rule to crypto will likely play a role in shaping crypto market structure under the emerging U.S. regulatory framework.

Publications

May 13, 2025

Cravath Publishes Finance & Capital Markets Quarterly Review for Q1 2025

On May 12, 2025, Cravath published the latest edition of its Finance & Capital Markets Quarterly Review, which has been redesigned for the Q1 2025 edition to provide greater insight into practical points, key takeaways and relevant developments related to the bond, equity and loan markets and restructuring activity during the first quarter of 2025. Highlights from this edition include:

Publications

May 13, 2025

Cravath Publishes Quarterly Review on Q1 2025 Trends in M&A, Activism and Corporate Governance

On May 12, 2025, Cravath published the latest edition of its Quarterly Review, which has been redesigned for the Q1 2025 edition to provide greater insight into practical points, key takeaways and relevant developments across the M&A, activism, tax, regulatory and corporate governance landscape. This edition covers:

Cravath Bicentennial

Celebrating 200 years of partnership. In 2019, we celebrated our bicentennial. Our history mirrors that of our nation. Integral to our story is our culture.

Explore

Cravath, Swaine & Moore LLP Logo
  • CONTACT US
  • OUR STORY
  • ALUMNI PORTAL
  • DISCLAIMERS & NOTICES

Attorney Advertising. ©2025 Cravath, Swaine & Moore LLP.