King & Wood Mallesons’ Post

King & Wood Mallesons (KWM) is pleased to have advised The Hong Kong and China Gas Company Limited (Towngas) on its first loan tokenisation project, marking a significant milestone in the company’s digital transformation journey and Hong Kong’s broader fintech development. The HK$100 million credit facility, provided by Chong Hing Bank Limited and supported by Ant Digital Technologies’ Jovay Layer2 blockchain, will be used by Towngas’ subsidiary Towngas Telecom (TGT) to develop AI data centres, AIoT solutions, and cross-border infrastructure. This pioneering transaction builds on KWM’s market-leading experience in tokenisation, blockchain-enabled finance, and digital asset transactions across Asia. KWM provided end-to-end legal support, including transaction structuring and preparation of a Loan Tokenisation Agreement. The KWM team was led by Partner, Andrew Fei 费. https://ow.ly/o2lc50Xp6mq #Fintech #Blockchain #DigitalAssets #Innovation #Tokenisation

  • No alternative text description for this image

To view or add a comment, sign in

Explore content categories