Haiwen advises Zorro Capital on the launch of its first offshore open-ended token fund

佐原资本近日成功完成旗下首支离岸开放式加密货币基金募资。该基金以开曼群岛隔离投资组合公司（Segregated Portfolio Company）的形式设立，专注于虚拟货币、Web 3.0，以及其他相关前沿领域的投资。

Zorro Capital recently launched its first open-ended token fund, which is established as a Cayman Islands Segregated Portfolio Company (SPC), with a focus on virtual currencies, Web 3.0, and other cutting-edge sectors.

作为佐原资本的法律顾问，海问全程参与了基金从设立到交割的多个关键环节，包括基金架构设计、法律文件的起草及募资支持。在基金成立过程中，海问针对加密货币基金的独特特性，在托管、估值安排、风险披露以及认购与赎回机制等方面进行了深入研究与特别设计，在确保基金满足监管合规要求的前提下最大程度地满足客户的商业需求。

As the legal counsel to Zorro Capital, Haiwen was actively involved in all key aspects of the deal, including fund structure design, drafting of legal documents, and the launch of the fund. Haiwen conducted in-depth research and developed tailored solutions to address the unique characteristics of digital asset funds, particularly in custody, valuation arrangements, risk disclosures, as well as subscription and redemption mechanisms. These efforts ensured the fund's compliance with regulatory requirements while meeting the client’s commercial objectives to the greatest extent possible.

展望未来，海问将继续凭借在数字资产及加密货币基金设立和运营领域的丰富经验，为客户提供优质的法律服务。

Looking ahead, Haiwen will continue to leverage its extensive experience in the establishment and operation of digital asset and token funds to deliver high-quality legal services to our clients.

海问本项目的负责合伙人为李若荻律师和王庆健律师，主要成员包括黄烁尘以及罗同欣。

The leading partners of this project are Elaine Li and Qingjian Wang, with key members including Weeyi Huang and Claire Luo.