Aztec launches mainnet of Aztec Network

Aztec launched the mainnet of the Aztec Network, a decentralized, privacy-focused Ethereum layer-2 blockchain, together with an associated distribution of the AZTEC token, including the public AZTEC token sale raising 19,476 ETH (approximately USD 60.1 million), with 50% of the capital raised from the Aztec community. The Aztec Network is supported by the Aztec Foundation, a Zug-based foundation.

Lenz & Staehelin acted as Swiss counsel to Aztec on the set-up of the Aztec Foundation, as well as on a number of other Swiss law aspects of the launch of the Aztec Network mainnet and distribution of AZTEC Tokens.

The Lenz & Staehelin team was led by Ariel Ben Hattar (FinTech) and included Jacques Iffland (Corporate and M&A), Jeremy Bacharach, Alexandra Vraca (FinTech), Benoît Merkt, Benjamin Moret and Erica Russo (Competition and Foundations) and Olaf Thorens (Data Protection).