DLT and Fintech

Overview

The accelerating rate of technological change has rapidly transformed every business sector. The financial services sector is no different. Financial technology, also known as “FinTech”, has been and continues to reshape the market, resulting in disintermediation, increased transaction speeds, lower transaction costs, greater transparency and greater liquidity.

However, the nature of Fintech raises a wide range of novel legal and regulatory uncertainties as there are few or no judicial or market precedents to guide the application of existing laws and regulations to the new methods of doing business. By leveraging our deep understanding of financial regulatory issues, our deep and broad understanding of the commercial context of the financial markets and the financial services industry, and our experience working with many market players with cutting-edge technology, we are well positioned to advise our clients to navigate the increasingly complicated landscape at the intersection of technology and regulation.

Our lawyers have extensive experience advising a wide range of clients including banks, insurance companies, asset managers, brokers and dealers, trading platforms and clearing systems, cryptocurrency and other exchanges, distributed-ledger technology platforms and technology-based start-ups. We have advised on novel and complex issues involving initial coin offerings, investments in cryptocurrencies or digital assets, projects involving distributed ledger technology, operations incorporating artificial intelligence, and electronic payment systems. We regularly assist technology-based start-ups in relation to the establishment of operations, drafting agreements for key personnel, drafting shareholder agreements, as well as assisting in negotiations with investors in relation to the terms of the investment.

Experience

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  • Advising a U.S. listed Internet company with a market capitalization of over USD60 billion, operating an electronic payment system available in over 200 markets in relation to the Hong Kong legal framework to implement local and international economic sanctions

  • Advising the operator of a cloud-based instant messaging and voice over IP service, which has a user base over more than 300 million globally, on the application of Hong Kong laws in connection with the roll-out of an e-wallet built for the purpose of holding and enabling payment of a blockchain based crypto-currency

  • Advising a leading global operator of cash and derivative cryptocurrency exchange with over USD1.5 billion of daily digital asset trading volume in connection with regulatory enquiries and an investigation in relation to its online platform for trading cryptocurrency derivative products

  • Advising a U.S. listed Internet company with a market capitalization of over USD60 billion, operating an electronic payment system available in over 200 markets in relation to the Hong Kong legal framework to implement local and international economic sanctions

  • Advising the operator of a cloud-based instant messaging and voice over IP service, which has a user base over more than 300 million globally, on the application of Hong Kong laws in connection with the roll-out of an e-wallet built for the purpose of holding and enabling payment of a blockchain based crypto-currency

  • Advising a leading global operator of cash and derivative cryptocurrency exchange with over USD1.5 billion of daily digital asset trading volume in connection with regulatory enquiries and an investigation in relation to its online platform for trading cryptocurrency derivative products

Awards

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  • Corporate INTL Magazine

    Regulatory Law Firm of the Year in Hong Kong

    Financial Services Regulatory

  • Chambers & Partners

    Leading Practice

    Financial Services Regulatory

  • Chambers & Partners

    Leading Individual

    Financial Services Regulatory

  • Legal 500

    Leading Individual

    Financial Services Regulatory

  • Asialaw Profiles

    Leading Practice

    Financial Services Regulatory

  • Asialaw Profiles

    Market-Leading Lawyer

    Financial Services Regulatory

  • Chambers & Partners

    Leading Lawyer

    Financial Services Regulatory

  • Asialaw Leading Lawyers

    Market-Leading Lawyer

    Financial Services Regulatory

  • Asialaw Profiles

    Outstanding Practice

    Financial Services Regulatory

  • IFLR 1000

    "Positively Ranked"

    Financial Services Regulatory

  • IFLR 1000

    Highly Regarded Lawyer

    Financial Services Regulatory

  • Chambers & Partners

    Well Regarded Lawyer

    Financial Services Regulatory

  • Corporate INTL Magazine

    Regulatory Law Firm of the Year in Hong Kong

    Financial Services Regulatory

  • Chambers & Partners

    Leading Practice

    Financial Services Regulatory

  • Chambers & Partners

    Leading Individual

    Financial Services Regulatory

  • Legal 500

    Leading Individual

    Financial Services Regulatory

  • Legal 500

    "Recommended Practice"

    Financial Services Regulatory

  • IFLR 1000

    Leading Practice

    Financial Services Regulatory

  • Asialaw Profiles

    Leading Practice

    Financial Services Regulatory

  • Asialaw Profiles

    Market-Leading Lawyer

    Financial Services Regulatory

  • Chambers & Partners

    Leading Lawyer

    Financial Services Regulatory

  • Asialaw Leading Lawyers

    Market-Leading Lawyer

    Financial Services Regulatory

  • Asialaw Profiles

    Outstanding Practice

    Financial Services Regulatory

  • IFLR 1000

    "Positively Ranked"

    Financial Services Regulatory

  • IFLR 1000

    Highly Regarded Lawyer

    Financial Services Regulatory

  • Chambers & Partners

    Well Regarded Lawyer

    Financial Services Regulatory

Insights