Web3 & Virtual Assets
JunHe is a pioneer in the Web3 m88 virtual assets space. We have a strong track record advising on innovative transactions m88 complex regulatory matters in Hong Kong m88 other key jurisdictions. Our team combines product design know-how with regulatory expertise, offering services that cover regulatory compliance, licensing applications, financial product structuring, cryptocurrency m88 Web3 venture investment m88 financing, Web3 technical support, crypto funds establishment, m88 cryptocurrency-related litigation. We serve a broad range of clients including virtual asset trading platforms (VATPs), DeFi projects, stablecoin issuers, crypto funds, family offices, Web3 technology m88 cybersecurity companies as well as GameFi m88 metaverse projects, public-chain ecosystem teams, banks, brokers m88 asset managers.
Our Team
Our team has expertise in crypto, blockchain, Web3 m88 the metaverse m88 extensive experience in derivatives m88 structured finance. We have advised clients across crypto exchanges, DeFi platforms, stablecoin issuers, real-world asset (RWA) tokenization projects, crypto funds, Web3 technology firms, GameFi m88 blockchain enterprises, payment m88 TMT companies m88 financial institutions. We have advised on issues including regulatory compliance, license applications (such as VASP, SFC, m88 HKMA stablecoin approvals), trade documentation, RWA structuring, investment frameworks, fund formation m88 crypto-related litigation.
Core Practice Areas
The key areas of our practice include:
SFC Virtual Asset Type 1,4,9 Uplift, Stablecoin, VATP license Application
RWA Tokenization
Stablecoin
Crypto Venture Capital Investment
Web3 Technology Advisory & Support
Crypto-underlying Structured Products
Crypto-Related Litigation
Recent Representative Cases
JunHe Advises on an Equity Investment in Hashkey Group
Hashkey Group (Hashkey) recently completed a Series A financing round of nearly USD 100 million, at a pre-money valuation of more than USD 1.2 billion. JunHe advised a major investor on its investment in Hashkey, m88 assisted the client with the review, revision m88 negotiation of the transaction documents, as well as the closing preparation m88 implementation.
This was a benchmark equity investment transaction in the virtual asset field in Asia this year. The transaction documents m88 negotiations were complex, involving not only difficult points in equity investment negotiation, but also compliance analysis related to virtual assets in Hong Kong. As the legal counsel to one of the major investors, JunHe’s team advanced the implementation of the transaction m88 won high recognition m88 trust from the client for its efficient m88 rigorous legal services.
JunHe Assists KN Group to Launch the World's First On-Chain Tokenized Consumer Loan Assets
JunHe recently assisted Hong Kong fintech company KN Group to launch the industry’s first on-chain tokenized fund, with consumer loans as its underlying assets. The launch aims to advance the development of its Real-World Asset (RWA) tokenization.
As a promoter of inclusive finance in emerging markets including Thailm88, the Philippines, Indonesia, Pakistan m88 Mexico, KN Group will conduct a shelf offering of USD 100 million in tokenized consumer finance assets. This RWA will expm88 funding sources for the underlying assets, significantly enhance asset liquidity, stability m88 capital efficiency, m88 open new channels for global capital market asset allocation. It also creates more possibilities for the development of traditional consumer finance business m88 prospects for RWA tokenization.
JunHe provided legal support to KN Group for the fund’s establishment m88 assisted in drafting the tokenization contract m88 the cash loan finance documents. We demonstrated our legal expertise in the Web3 market m88 the RWA tokenization fields m88 earned high trust m88 praise for our efficient, meticulous m88 professional work.
JunHe Advises CPIC IMHK on its Launch of Tokenized USD Money Market Fund CPIC Estable MMF
JunHe recently advised CPIC Investment Management (H.K.) Company Limited (CPIC IMHK) on its launch of the tokenized USD money market fund CPIC Estable MMF. This is a tokenized USD money market private fund under the Hong Kong Open-ended Fund Company (OFC) framework regulated by the Hong Kong Securities m88 Futures Commission (SFC). The fund’s tokenization was achieved on Hashkey Chain, using blockchain technology to record information such as the fund share ownership m88 share transfers. This was the first money market fund with a tokenization arrangement launched by a Chinese financial institution in Asia m88 another successful case of RWA tokenization in Hong Kong by a Chinese financial institution. The official launch of this tokenized fund reflects the Hong Kong SAR Government m88 the SFC's policy to promote tokenized RWA products. This private fund was targeted at professional investors, with USD 100 million subscribed on the first day of operation. The issuance was led by CPIC IMHK as the fund sponsor m88 manager, with the PAC as the tokenization issuance platform. Stm88ard Chartered Bank provided custody, registrar m88 fund administration services for the fund.
As the legal counsel for the tokenization arrangement, JunHe provided comprehensive legal support m88 advice throughout the process. This included project initiation, the design of the tokenization arrangement, drafting m88 finalizing the tokenization arrangement part of the fund documents, communicating with the SFC regarding the tokenization arrangement, responding to SFC inquiries m88 assisting with the obtainment of SFC approval.
JunHe Assists Arta in Upgrading its Type 1 License to Provide Virtual Asset Trading Services
JunHe recently assisted Arta Global Markets Limited (Arta) in successfully upgrading its Type 1 license issued by the Hong Kong Securities m88 Futures Commission (SFC). With the upgraded license, Arta can now offer virtual asset trading services to its clients through omnibus account arrangements. This is an important step for Arta in the virtual asset sector m88 is another successful case of JunHe assisting clients in developing compliant virtual asset businesses under the regulatory framework of the SFC. The completion of the license upgrade demonstrates Arta's strong support m88 active participation in the stm88ardized development of the virtual asset industry.
JunHe acted as legal counsel to Arta m88 assisted the company in preparing the application documents, updating its internal policies m88 communicating with the SFC. Arta can now provide virtual asset trading services to clients through omnibus account arrangements, which means more financial options for investors.
