Lowenstein Sandler represented global crypto platform Anchorage Digital in its acquisition of Routable, a payouts platform that helps commercial and enterprise businesses onboard payees, automate compliance, and orchestrate high-volume payouts globally via a developer-first API. Under the terms of the acquisition, Routable will operate as Routable by Anchorage Digital.
Anchorage will embed its native stablecoin and tokenized deposit settlement into Routable to create the first truly asset-agnostic payment orchestration platform. The combination of Anchorage and Routable’s resources will enable a corporate treasurer to issue on the same platform they distribute from, whether a payment settles in dollars, euros, stablecoins, or tokenized deposits. Anchorage will provide regulated infrastructure for stablecoin issuance, custody, and settlement and Routable will provide payout distribution layer, the orchestration between a client's ERP and the rails that move money in every major market.
The Lowenstein team included Brendan J. Koeth, Abraham J. Kwon, Christina Nadeau Erickson, Kristin V. Taylor, Darren Goodman, Megan Monson, and Zachary Bocian.