Debevoise & Plimpton LLP has advised a consortium of regional and superregional banks as founding banks of Cari, the bank-governed digital money network. Debevoise also advised several of these banks in connection with their investments in Cari’s initial external funding round.

Cari is building shared infrastructure that enables banks to bring money on-chain and offer faster, always-on and programmable financial services while keeping regulated financial institutions at the center of the customer relationship.

For more information, please see the press release.

The Debevoise team was led by banking partner Greg Lyons and counsel Patrick Fuller and included broker dealer partner Jeff Robins, banking associate Erin McLoughlin, tax partner Michael Bolotin, intellectual property and technology transactions partner Henry Lebowitz, executive compensation and benefits partner Jonathan Lewis and M&A partner Andrew Jamieson.