On July 19, Xunce (HKEX: 03317) announced it has signed a strategic cooperation memorandum with Qingdao Xinchen Ke Chuang Industrial Co., Ltd., the holding company of Hongtai Fund. The two parties will fully integrate their respective resources and industry strengths. Leveraging Xunce's AI data infrastructure, including the TokenOS, they will provide tokenization empowerment services to Hongtai Fund and its portfolio companies, jointly exploring commercial solutions for vertical-scenario tokens.
This collaboration marks the first large-scale entry of Xunce's TokenOS data tokenization capability into the private equity investment sector. They will engage in comprehensive and in-depth cooperation across core areas such as data tokenization governance, implementation of enterprise small models, and token commercialization. Together, they aim to construct a new paradigm for funds that is AI-native and token-native, creating a benchmark and model for industry collaboration.
A Strategic Alliance for TokenOS in Private Equity
Xunce, a leading Chinese provider of AI real-time data infrastructure and analytical solutions, has its core product, TokenOS, positioned as an operating system for data tokenization. It transforms complex data assets into measurable, exchangeable token forms, providing standardized data infrastructure for enterprise AI transformation. Currently, Xunce's Token Factory has expanded into multiple fields including physical AI, intelligent connected vehicles, quantum computing, domestic computing power, and industrial intelligent manufacturing, driving a 320% month-on-month surge in Token ARR in May.
Hongtai Fund is one of China's most well-known private equity investment institutions, with assets under management exceeding 30 billion yuan and over 300 investment projects. Its investment focus areas include artificial intelligence and applications, chips and robotics, aerospace satellites and the low-altitude economy, advanced equipment manufacturing, frontier technology, and life sciences.
This powerful alliance will jointly provide tokenization empowerment services based on platforms like TokenOS to Hongtai Fund and its portfolio companies, collaboratively expanding solutions for vertical-scenario token commercialization. This move signifies the first large-scale implementation of Xunce's TokenOS operating system within the private equity investment field.
Three Key Areas for an AI-Native, Token-Native Fund Model
According to the strategic cooperation memorandum, the collaboration will focus on the following three key directions:
The first is vertical industry data tokenization governance and commercialization. Utilizing Xunce's AI data infrastructure, including TokenOS, and its full-chain data service capabilities for AI applications, combined with Hongtai Fund's vast accumulation of investment research data and industry insights, the partners will jointly undertake data aggregation, cleaning, labeling, and governance for scenarios such as investment research and post-investment management. They will co-build high-quality industry data sets. On this foundation, they will jointly develop, train, and fine-tune customized vertical small models and intelligent agents, exploring token-based pay-per-use business models to promote a full-chain closed loop from data resources to AI capabilities to commercial returns. This signifies a shift in investment management from "experience-driven" to "data+AI-driven," quantifying investment research value with tokens as a unified measurement unit, thereby constructing an AI-native, token-native fund paradigm.
The second is deep tokenization empowerment for portfolio companies. Xunce will provide AI data infrastructure like TokenOS, while Hongtai Fund will leverage its deep trust relationships and investment ecosystem network with portfolio companies to help accurately identify their AI application needs. They will jointly promote the deployment of TokenOS within these companies, providing services such as large model integration, tokenized data governance, and scenario implementation. This will assist portfolio companies in driving business upgrades with AI, extending value from the investment side to the portfolio company side.
The third is establishing token commercialization benchmarks and standardized implementation. Based on the FDE model, the two parties will co-create benchmark proof-of-concept projects for token commercialization and replicable, standardized implementation cases. They will promote the sharing of resources like market channels and jointly expand vertical-scenario token commercialization solutions. In the future, they will also promote the use of Xunce's AI data infrastructure products and computing services by Hongtai and its portfolio companies at an appropriate time. They will explore providing services to portfolio companies based on enterprise small models trained by Xunce, helping these companies lower the barriers to AI application and accelerate their intelligent transformation.
This strategic cooperation between Xunce and Hongtai Fund represents not only a deep integration of data tokenization technology with an investment ecosystem but also holds profound significance for leading industry paradigms. Taking this opportunity, both parties will continue to promote the large-scale, multi-scenario implementation of TokenOS. The collaborative model of "investment institution + portfolio company ecosystem + TokenOS + token pay-per-use" they are building is highly replicable, providing a referenceable sample for subsequent cooperation with other fund companies.
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