On May 2, Cboe Global Markets, Inc. (Cboe) closed its acquisition of Katten client Eris Digital Holdings, LLC (ErisX). Through ErisX, Cboe gains entry to digital asset spot and derivatives markets, including clearing and settlement, with the opportunity to build a comprehensive digital asset market data offering, create indices and explore further derivative products.

ErisX is a US-based exchange and clearing house operator that offers both cryptocurrency spot and futures on a single platform. Cboe is a leading provider of global market infrastructure and tradable products. The acquisition positions ErisX as a long-term leader in the evolving digital assets market, with Cboe poised to make the early investments necessary to help maximize revenue growth potential going forward.

The Katten team was led by Financial Markets and Funds Department global chair Lance Zinman and Financial Transactions and Trading chair Christopher Shannon and included Financial Markets and Regulation chair Gary DeWaal, partner Daniel Davis and associate Jack West. ("Cboe Global Markets Completes Acquisition of ErisX, Entering Digital Asset Market," PR Newswire, May 2, 2022)