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September 18, 2023
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Millicent Labs Joins Fuse, Allen & Overy’s Prestigious Tech Innovation Hub

Millicent Labs joins Fuse, the globally renowned tech innovation hub hosted by Allen & Overy, one of the world's leading law firms.

Millicent Labs Joins Fuse, Allen & Overy’s Prestigious Tech Innovation Hub

Millicent Labs, a leading innovator in distributed ledger technology and digital finance, is delighted to announce its selection to join Fuse, the globally renowned tech innovation hub hosted by Allen & Overy, one of the world's leading law firms.

Allen & Overy, a multinational law firm headquartered in London, is recognised for its expertise in a wide range of practice areas, including corporate law, banking law, and intellectual property law. The firm is part of the UK's Magic Circle of leading law firms and is known for its commitment to innovation, particularly in the field of legal technology.

Fuse is a unique initiative by Allen & Overy that brings together technology companies, clients, and lawyers to collaborate and accelerate digital change.  The companies nominated by A&O’s clients to join Fuse this year were identified by the nominating companies — Citi, Goldman Sachs, the International Capital Markets Association (ICMA), J.P. Morgan, Lloyds Bank and Nomura — as having significant potential and relevance to their digital asset and distributed ledger technology practices.

“This year, we had the largest number of applications, both for the LegalTech stream and via client nomination. The Digital Assets stream is client nominated, which enables us to learn with them about new and emerging legal questions in this area.”

Said, Shruti Ajitsaria, Partner & Head of Fuse at Allen & Overy, continuing,

“I can’t wait to see what these companies will do. The potential for the digital assets companies to be transformational is enormous and we are excited to work with them and our nominating clients. We have a great cohort of companies and we all - Fuse, the cohort, A&O lawyers and our clients - have an exciting year ahead.”

Fuse creates a non-competitive ecosystem of companies which can benefit from being part of A&O’s network, while also providing A&O lawyers and clients with an experiential learning environment. This year’s focus on Digital Assets will afford A & O and its clients a dedicated opportunity to understand these types of businesses and keep up with the legal complexities inherent in this area. 

Millicent Labs is honoured to be part of this exclusive group of category-defining digital asset firms, including industry leaders like Chainalysis and Komainu, with each selected company allocated an A&O partner with relevant expertise to act as a mentor and advocate, and also able to run trials and pilots within the A&O network on internal and certain client projects, where relevant.

Kene Ezeji-Okoye, Millicent Labs’ Co-CEO, commented, "In a vertical with an incredibly fast-changing landscape, the opportunity to join Fuse provides us with access to an outstanding global network of experts and industry leaders. We're confident that partnering with Fuse will propel Millicent closer to our goal of creating a world where financial empowerment is within everyone’s reach."

Joining Fuse reaffirms Millicent’s commitment to shaping the future, and to realising our mission of creating the conditions for increased global prosperity through the inclusive and frictionless transfer of value for everyone, everywhere.

About Millicent Labs:

London-based Millicent Labs is an award-winning innovator in distributed ledger technology, tokenisation and digital finance with support from some of the world’s most prominent firms. Named one of the UK's Top 100 startups for its tokenised bank deposit infrastructure, the company is committed to breaking down silos and transforming the global financial system into an open and interconnected digital network benefiting stakeholders on all sides by combining the safeguards of today’s financial system with the exponential advantages of highly interoperable application-specific distributed ledgers.

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