2026.03.21
In March 2026, JunHe and Finloop Finance Technology Holding Limited (Finloop) jointly assisted in the issuance of tokenized fund-linked notes. JunHe acted as the legal advisor, while Finloop served as the tokenization registrar and blockchain payment agent.
Finloop is a Hong Kong-based AI-driven global one-stop Web5 (Web2+Web3) wealth technology platform that provides comprehensive wealth management products and technology solutions to various financial institutions. This covers a range of wealth management products including cash management, mutual funds, private funds, structured products, bonds, insurance and virtual assets. Finloop is a leader in the Asian fintech sector and focuses on enhancing the ability to connect physical and digital assets since the onset of the Web3 wave. It has built a one-stop platform for tokenization technology and the issuance and distribution of real-world assets, pioneering new growth paths in the wealth management industry.
This tokenization of notes introduces blockchain infrastructure into traditional money markets while complying with the regulatory requirements of Hong Kong, Singapore, and other major financial markets. It enables the on-chain registration, holding, and circulation management of the notes without altering the investment objectives or risk characteristics of the underlying assets. The tokenized notes support more frequent subscription, redemption and 24/7 operational arrangements. By leveraging the traceability and transparency of distributed ledgers, they enhance market confidence in asset and transaction processes. This notes tokenization initiative represents a significant step toward the deep integration of real-world assets digitalization with traditional capital markets in Asia. It marks a key advancement in the structural design of on-chain issuance and the circulation of debt financing instruments within a compliance framework, providing innovative solutions for institutional-grade cash management and digital asset allocation in the Web3 era. Currently, the tokenized fund’s underlying notes are issued across multiple blockchains, with the underlying asset being an international AAA-rated investment-grade US dollar money market fund, offering digital asset investors with a low-volatility compliant cash management tool.
JunHe was the legal advisor and provided comprehensive legal services for the issuance arrangement of the tokenized notes, including: (1) providing legal analysis and advice on the design and compliance of the tokenized note issuance structure; (2) drafting investor announcements, offering circulars, indentures, blockchain agency agreements, blockchain distribution agreements, pricing supplements, subscription agreements, and note purchase agreements, among other documents, to provide legal support for the issuance arrangement; (3) assisting the issuer in coordinating communication with the various intermediary institutions to ensure the efficient progress of the project. JunHe's professional, rigorous, and meticulous work attitude was coupled with its efficient and flexible execution capabilities. Its effective response to structural innovation and cross-jurisdictional coordination challenges encountered during the project were highly recognized by the clients and the intermediary institutions. In recent years, JunHe has been involved in providing legal services for the integration of digital assets with traditional capital markets, and provided legal support for multiple tokenized bonds, funds, and structured product projects. This collaboration between JunHe and Finloop marks a significant milestone in JunHe's endeavors in the field of tokenized debt financing instruments and reflects JunHe's ongoing dedication and leading position in legal services for Web3 financial infrastructure.
With the path now forged, great prospects can be anticipated. JunHe wishes the issuer and Finloop continued success in the capital market sector and hope they will continue to drive the digitalization of real-world assets and the development of the global liquidity ecosystem.
The lead partner for this project was WANG, Weiwei, and the handling partners were WANG, Weiwei and Lee, Alex Jao Jang.
