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by Legal Desire
1 December 2025

Hogan Lovells advises Exodus Movement Inc. on $175 million acquisition of Monavate and Baanx via W3C Corp

Advising firms

Deal team

10 lawyers named
LawyerFirmSeniorityPracticeOffice
John Salmon Lead Hogan Lovells Partner Digital Assets and Blockchain London
Anthony Doolittle Lead Hogan Lovells Partner M&A London
James Black Lead Hogan Lovells Partner Financial Services London
Aled Luckman Hogan Lovells Associate M&A Not stated
Ben Littlewood Hogan Lovells Associate M&A Not stated
Luke Grubb Hogan Lovells Other Not stated Not stated
James Sharp Hogan Lovells Senior associate Not stated Not stated
Diana Suciu Hogan Lovells Associate Not stated Not stated
Rachel Dale Hogan Lovells Other Not stated New York
Magdelena Medarova Hogan Lovells Associate technology and regulatory Not stated

Stated terms

Stated value
USD 175m ($175 million)
What the figure measures
Total transaction value
Client
Exodus Movement Inc.Buy-side
Counterparties
Monavate Holdings Limited (Sell-side)
Baanx Group Ltd (Sell-side)