2026.09.29
Recently, JunHe joined forces with StarRoute Financial Technology Holdings Limited (StarRoute Technology), a global one-stop Web5 wealth technology platform, to assist LongSing Group Holdings Limited (06829.HK), a wholly-owned subsidiary, in successfully issuing Hong Kong's first green transportation asset RWA (Real World Asset) tokenization project. This issuance was in the form of tokenized notes, with the underlying assets being the real operational data and cash flow of LongSing Group's battery-swapping electric taxi fleet and battery-swapping infrastructure, among other high-quality green transportation assets. LongSing Group, StarRoute Technology and JunHe promoted the integration of green physical industries and digital finance, creating a new path for the tokenization of green transportation assets RWA under compliance.
LongSing New Energy drives the construction of a full-scenario service ecosystem for commercial new energy vehicles in Hong Kong through innovation. By leveraging its self-developed TRIDENT vehicle networking big data platform, it creates a full-link data closed loop of ‘vehicle-driver-energy’, achieving transparency and digitization of the battery-swapping taxi fleet and infrastructure operation revenue. This issuance lays a solid foundation for the tokenization of green transportation assets and promotes the release of data value from physical industries. StarRoute Technology, as the tokenization agent, strategic partner and core technology support provider, relied on its self-developed tokenization service platform FinTAAS to provide full-link technical support for this issuance. It not only built a secure and robust tokenization technology base for the note issuer but also delivered a complete set of intelligent technology compliance solutions on-chain, providing comprehensive technical assurance for the smooth progress of the project.
JunHe was responsible for the legal services related to the issuance of the tokenized notes in this project. This included compliance and guarantee structure design, drafting, reviewing and perfecting the agreements related to the tokenized assets and a series of core legal documents, promoting the compliant issuance of the products under the existing regulatory framework. Upholding its standards of professionalism, rigor and efficiency, JunHe participated in the full process of the project with meticulous attention and innovative execution. In addressing multiple challenges such as risk control coordination and product structure innovation, JunHe’s team demonstrated problem-solving capabilities, providing comprehensive legal assurance for the project's smooth approval and stable operation.
This is an important milestone in the mutual promotion and integration of Hong Kong's green industry and digital financial ecosystem, as well as a pioneering attempt at the tokenization of green physical assets in Hong Kong's capital market. By integrating blockchain technology with traditional private placement notes and physical industries, the project transforms the revenue generated by green fleet and battery-swapping infrastructures into standardized, fragmented and traceable digital assets, distributing them to qualified professional investors in a compliant manner. This will broaden the financing channels and revenue liquidity of physical industries and provide more diverse and efficient asset allocation options for professional investors and institutional clients in the Web2 and Web3 ecosystems. The project integrated LongSing New Energy's industry scenarios and data accumulation, StarRoute Technology's tokenization service platform and innovative financial technology and JunHe's comprehensive legal support capabilities. It establishes an industry benchmark for the tokenization of green transportation assets in Hong Kong, injecting new momentum into the collaborative development of Hong Kong's green industry and digital financial ecosystem.
JunHe has participated in integrating digital assets with traditional capital markets and physical industries and provided legal support for multiple tokenized bonds, funds and structured product projects. This collaboration with StarRoute Technology to assist LongSing New Energy in completing the issuance of green transportation asset RWAs is an important milestone in JunHe's field of tokenized debt financing tools. It also reflects JunHe's leading advantages in providing legal services for tokenized financial infrastructure.
WANG, Weiwei was the lead partner for this project. Partner Lee, Alex Jao JANG provided legal support for the issuance of the tokenized notes and related compliance services.
Statement: JunHe accepts the commission from StarRoute Technology to provide specialized legal services for the RWA asset tokenization and related financial technology business involved in this project. This cooperation strictly adheres to the current laws and regulations of the Hong Kong Special Administrative Region, aiming to build a compliant and robust legal foundation for StarRoute Technology's innovative business model. StarRoute Technology's services are not applicable to residents of mainland China and other users restricted by specific jurisdictions.
