Latham & Watkins has advised Gateway 21 Limited, the specialist investment arm of the Ashlar Block Group, in obtaining authorization from the Financial Conduct Authority as a MiFID investment firm. The authorization permits Gateway 21 to offer a range of services designed to support the integration of digital asset businesses into the wider UK financial services market. Gateway 21 is the only firm designed and established for the express purpose of acting as section 21 approver to cryptoasset companies.

The Latham team was led by London fintech partners Stuart Davis and Christian McDermott.