Est. 1964 Global Legal and Professional Services Walkers FinTech Services Overview Legal and Professional Services www.walkersglobal.com Global Legal and Professional Services BERMUDA | BRITISH VIRGIN ISLANDS | CAYMAN ISLANDS | DUBAI | GUERNSEY | HONG KONG | IRELAND | JERSEY | LONDON | SINGAPORE [1] Global Legal and Professional Services Global FinTech Group At Walkers, our lawyers advise clients of diamonds. Walkers Bermuda has also acted with respect to its $25 million equity raise which is being managed by Entoro ranging from global financial institutions LLC. Diamond Standard has featured on Bloomberg and Fox leveraging cutting-edge technology to Business. » Goldman Sachs and J.P. Morgan. Acted as counsel for start-ups changing the status quo with Goldman Sachs International and J.P. Morgan Securities plc as innovative products and services. book runners and global coordinators in relation to approximately GBP500 million of loan notes issued by Arrow Walkers has one of the leading offshore global FinTech practices Global, which has developed Proprietary Collections Bureau, a in the market. With expertise in six laws and a presence in ten data matching tool for its debt purchasing and account offices across the globe, we create pragmatic and commercial management platform. solutions that enable our clients to achieve their ambitions, as » Finance in relation to its loan notes issue, bank financing and demonstrated by our track record of completing ‘first of a kind’ software licensing structure for its lending platform to UK law transactions. We advise businesses partnering with or investing in firms. FinTech firms as well as financial institutions and asset managers » SoftBank. Acting as Cayman Islands counsel to SoftBank and developing their own FinTech products and services. We also work SoftBank Vision Fund with respect to their underlying FinTech closely with policymakers, regulators and governments to facilitate and technology investments. appropriate legislation and regulation that keeps pace with innovation. » Dorey Financial Modelling. Advising Dorey Financial Modelling in relation to software licensing of bespoke analytics platforms FinTech for pension funds, wealth managers and other financial institutions for use in asset allocation for investments totalling Walkers' unique vantage point has allowed us to combine our GBP73 billion (GBP30 billion assets under advice). industry experience in FinTech's core sectors with our specialist » Asset Risk Consultants. Advising Asset Risk Consultants in legal expertise, to create an offshore market leading FinTech team. relation to the setup of its suggestus.com ‘robo’ advisory We cover FinTech's core financial industry sectors – asset investment research platform. management, investment, banking, finance, insurance and payments, advising on a wide range of complex domestic and » New Focus Auto Tech Holdings Limited. Acting as counsel to cross-border matters. With experts from the Americas to Asia, New Focus Auto Tech Holdings Limited, a Hong Kong-listed Europe and the Middle East, we understand that innovative automobile technology company, in connection with the businesses think beyond borders. issuance of Taiwan Depository Receipts on the Taiwan Stock Exchange. A representative list of some of our FinTech experience includes: » Alibaba / Weibo. Acted as counsel to Chinese eCommerce company Alibaba Group in its US$586 million acquisition of an » DrumG. Walkers Bermuda acted as Bermuda counsel to 18 per cent stake in China’s largest Internet portal and media DrumG in relation to a US$6.5 million equity investment made website Sina Corp’s microblogging service Weibo. by ConsenSys, a blockchain software technology company founded by Joseph Lubin (co-founder of Ethereum) based in » Baidu / Qunar. Acting as counsel to Baidu, China’s biggest Brooklyn, New York. The investment comes as a Series A search engine, in connection with its US$306 million minority funding round in which ConsenSys is the sole acquisition of Qunar, one of China’s oldest and biggest online participating investor. Bermuda-based DrumG, co-founded by travel agents. Tim Grant, is a company founded to help enterprises build real- » Wole / 56.com. Acted as counsel for Wole Inc. in connection world applications on a wide range of interconnected ledgers. with a reverse triangular takeover of 56.com, a leading user » Diamond Standard/BitCarbon. Acted as counsel for Diamond generated content online video sharing site in China, by NYSE Standard/BitCarbon with respect to their digital asset business listed Renren Inc., the leading real name social networking licence application to the Bermuda Monetary Authority to sell internet platform in China, utilising the Cayman merger its diamond asset backed token. Walkers Bermuda is also scheme under the Companies Law. Wole Inc. was wholly advising on the licensing requirements of the Diamond acquired in amount of US$80 million. Standard exchange, which will be an electronic exchange » JAFCO Investment. Acted for JAFCO Investment (Asia Pacific) established in the Diamond Standard ecosystem for the trading Ltd in connection with the establishment of JAFCO Asia [2] Global Legal and Professional Services Technology Fund III, JAFCO Asia Technology Fund IV and a high growth financial technology company that provides JAFCO Asia Technology Fund V, private equity funds focusing banking services. on technology-related sectors in Australia, Hong Kong, India, » Advising on the establishment of a FinTech regulatory Korea, Malaysia, New Zealand, PRC, Philippines, Singapore, sandbox. Taiwan and Thailand. » Advising numerous FinTech clients on establishment, licensing » Baring Asia / Giant Interactive. Acting as counsel to Baring Asia and ongoing regulatory compliance, including online Private Equity Fund V, L.P. in connection with the proposed investment platforms, online peer-to-peer lending and takeover of NYSE-listed Chinese online game developer Giant crowdfunding platforms, e-money and payment services Interactive. The proposed offer has a total value of providers, online trading platforms and others. approximately US$2.9 billion. The buyer’s consortium comprises Giant Interactive’s company chairman Shi Yuzhu, » Acting as Cayman Islands counsel on the formation of venture Baring Private Equity Asia and Hony Capital. capital funds focusing on investments in participants in their incubator programs and tech accelerators located in » Da Vinci Capital. Acting as counsel to Da Vinci Capital in jurisdictions worldwide. relation to the acquisition of IT Invest, an online high frequency and algorithmic prime brokerage platform, by Da Vinci Private » Advising in relation to regulatory applications in respect of a Equity Fund II L.P. fund established to pursue minority private equity investments in companies within the technology, technology-enabled, and » Citic PE / 3SBio Inc. Acting as counsel to the special committee related growth industries globally. of independent directors of 3SBio Inc., a NASDAQ-listed China-based biotech company, in relation to its US$330 » Cryptocurrency Custody. Advising a global financial services million going-private transaction completed by CITIC Private company on establishing a cryptocurrency custody services Equity Funds Management Co. Ltd. business. » ITI Trade. Acting for ITI Trade to obtain an investment business » Advising on the establishment of a licensed cryptocurrency licence from the Guernsey Financial Services Commission to custodian. operate as an online prime broker, which was the first of its » Acting as Cayman Islands counsel to a global leading kind in Guernsey. cryptocurrency liquidity provider. » Alltter Financial. Advising Alltter Financial, an online FX broker, » Acting as Cayman Islands counsel to various cryptocurrency in relation to the provision of execution only and discretionary broker-dealers. foreign exchange electronic trading services. » Advising Cayman Islands investment funds on the AML/CFT » SignOff. Advising SignOff on the establishment of the world’s and other regulatory aspects of cryptocurrency investments. first offshore, cloud-based, digital signature service. » Acting as Cayman Islands counsel on the formation of a » Relendex. Acted as counsel to Relendex, a secured peer-to- Cayman Islands foundation company in connection with the peer lending platform, in relation to the establishment and restructuring of tokens. regulation of Relendex PCC Limited. » Advising a London based venture capital firm on the » Clarus Risk. Advising Clarus Risk, a developer of FinTech establishment of a Jersey fund and its related friends and solutions for research, risk modelling, regulatory compliance family fund, the investment objective of which is to make and reporting functions, in relation to its software licensing venture capital investments in early stage companies in the arrangements. technology sector primarily in Europe, with investments in » Socii Capital. Acting as Guernsey counsel to Socii Capital digital assets (including cryptocurrencies and other tokens, Growth PCC Limited in relation to a series of venture capital distributed ledger or similar technologies) being considered on investments made into high growing challenger and disruptor an opportunistic basis. businesses that utilise or develop new technologies, including [3] Global Legal and Professional Services Walkers Professional Services Walkers Professional Services ("WPS") drafting board agendas, board resolutions and distributing board packs. provides corporate