King & Wood Mallesons (KWM) has advised Ant Digital Technologies, a leading innovator in blockchain, privacy computing, Internet of Things, and Al-trusted technologies, in connection with a cross-border tokenised financing transaction, which is denominated in CNY and involves the laws of four major jurisdictions. The transaction is also part of the Hong Kong Monetary Authority’s (HKMA) Project Ensemble Sandbox, which is designed to allow industry participants to conduct tokenised asset transactions in practical business scenarios.
Richard Mazzochi, Partner and Head of Banking & Finance department in Hong Kong, said: “We are honoured to have assisted Ant Digital Technologies with this landmark transaction. We regularly work with clients to design and execute innovative digital assets solutions.”
Minny Siu, Partner and Head of Financial Services & Regulatory in Hong Kong, said: “We are delighted to be involved in this innovative project, which demonstrates our team’s ability to advise on a wide range of complex cross-border transactions and regulatory matters across both traditional finance and digital assets.”
Andrew Fei, Partner, Banking & Finance in Hong Kong, said: “This historic transaction illustrates the transformative potential of blockchain, web3 and real-world asset (RWA) tokenisation. Congratulations to Ant Digital Technologies on achieving this significant milestone”.
Hu Zhe (Eddie), Partner, Banking & Finance in Shanghai, added: “We feel privileged to have advised Ant Digital Technologies on this important project. We look forward to further collaborations in the near future”.
KWM provided support on all stages of the transaction, with a particular focus on the digital assets-related aspects as well as the innovative cross-border financing structure. The KWM Hong Kong team is led by partner Andrew Fei, with support from the financial markets/trustee team supervised by Richard Mazzochi. The KWM Shanghai team is led by partner Hu Zhe (Eddie).
Further information about KWM’s Asia digital assets practice is available at: kwmdigital.asia
*Any reference to "Hong Kong" or "Hong Kong SAR" shall be construed as a reference to the "Hong Kong Special Administrative Region of the People's Republic of China".
