McDermott Advises FQX, a First Mover in Using eNotesTM for the Banking and Fintech Market, on Key Matters across Numerous Areas of Commercial Law
McDermott Will & Emery advised FQX in connection with various aspects of arbitration, corporate and regulatory law during fund raising to globally scale infrastructure.
FQX is the first market-ready solution for eNote™ built on a banking-grade Blockchain (Swiss Trust Chain) with a unique, patent-pending authentication mechanism (based on regulated and qualified electronic signatures provided by Swisscom). An eNoteTM is an unconditional promise to pay a specific sum to another party at a specific future date. The eNote™ infrastructure can be integrated into financing platforms of banks and fintechs, allowing their customers to benefit from the entire eNote™ lifecycle from issuance to settlement.
FQX just received an investment of USD $4.7 million form Earlybird Venture Capital, Six Fintech Ventures and Carston Thoma, to help globally scale the eNoteTM infrastructure.
Founded in 1997, Earlybird Venture Capital invests in all development and growth phases of technology companies. Among the most experienced venture investors in Europe, Earlybird offers its portfolio companies not only financial resources, but also strategic and operational support, as well as access to an international network and capital markets.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. Our team works seamlessly across practices and industries to deliver innovative and highly effective solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.