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Yunfeng Financial Group, listed on the Hong Kong Stock Exchange Main Board, is a pioneer in financial technology. We provide brokerage, asset management, insurance and fintech business. Adhering to our "Based in Hong Kong and Connecting China to the World" strategy, we provide comprehensive financial services to individual and institutional investors, as well as corporate clients using the latest online technology.
Caixin: Yunfeng Financial’s gold token product has no secondary market, and the gold is stored in a Hong Kong vault.
According to Caixin, YF Financial’s gold token product has no secondary market, and the physical gold is stored in a Hong Kong vault. The product will be available only to users who have completed Hong Kong’s Professional Investor (PI) certification. A relevant official stated that physical-gold-backed token products are “in essence not financial leverage, but rather the digitization of assets.” In February this year, eight Chinese government departments—including the People’s Bank of China—jointly issued the “Notice on Further Preventing and Addressing Risks Related to Virtual Currencies and Other Matters,” which for the first time incorporated Real World Assets (RWA) into the regulatory framework at the supervisory level, adopting an overall approach of “strict prohibition domestically and strict oversight overseas.” Earlier reports indicated that YF Youyu—a subsidiary of YF Financial, in which Jack Ma holds an indirect stake—launched a physical-gold-backed token product, with physical gold as its underlying collateral asset; each unit of the product corresponds to 1 gram of LBMA-certified physical gold with 99.99% purity.
Yunfeng Financial Strategic Investment in WooshPay, Plans to Expand Digital Payment and Asset Tokenization Business
: Yunfeng Financial has announced the completion of a strategic investment in cross-border payment service provider WooshPay, with the specific amount undisclosed. WooshPay is a financial infrastructure platform regulated by the UK Financial Conduct Authority and the Hong Kong Customs and Excise Department. Yunfeng Financial stated that this investment aims to expand the digital payment market and integrate its digital asset infrastructure platform AlphaToken, advancing "AI+Web3" asset tokenization and compliant settlement-related businesses. According to further disclosure, Yunfeng Financial has received approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services, supporting users in trading digital assets such as Bitcoin and Ethereum on its platform.
Caixin: Yunfeng Financial’s gold token product has no secondary market, and the gold is stored in a Hong Kong vault.
According to Caixin, YF Financial’s gold token product has no secondary market, and the physical gold is stored in a Hong Kong vault. The product will be available only to users who have completed Hong Kong’s Professional Investor (PI) certification. A relevant official stated that physical-gold-backed token products are “in essence not financial leverage, but rather the digitization of assets.” In February this year, eight Chinese government departments—including the People’s Bank of China—jointly issued the “Notice on Further Preventing and Addressing Risks Related to Virtual Currencies and Other Matters,” which for the first time incorporated Real World Assets (RWA) into the regulatory framework at the supervisory level, adopting an overall approach of “strict prohibition domestically and strict oversight overseas.” Earlier reports indicated that YF Youyu—a subsidiary of YF Financial, in which Jack Ma holds an indirect stake—launched a physical-gold-backed token product, with physical gold as its underlying collateral asset; each unit of the product corresponds to 1 gram of LBMA-certified physical gold with 99.99% purity.
Yunfeng Youyu, a subsidiary of Yunfeng Financial Group, officially launches its “Physical Gold Token” product.
According to an official announcement by Yunfeng Financial, Yunfeng Financial (HKEX: 00376) has officially launched its “Physical Gold Token” product on its Yunfeng Youyu platform, with underlying blockchain and asset tokenization infrastructure support provided by AlphaToken. Each unit of the product corresponds to 1 gram of physical gold certified by the London Bullion Market Association (LBMA) with a purity of 99.99%. The underlying assets are held in professional vaults accredited for international operations and subject to independent audits. The product’s value is directly linked to the international gold market price. This product is available exclusively to users who have completed Professional Investor (PI) qualification certification.
Yunfeng Financial Strategic Investment in WooshPay, Plans to Expand Digital Payment and Asset Tokenization Business
: Yunfeng Financial has announced the completion of a strategic investment in cross-border payment service provider WooshPay, with the specific amount undisclosed. WooshPay is a financial infrastructure platform regulated by the UK Financial Conduct Authority and the Hong Kong Customs and Excise Department. Yunfeng Financial stated that this investment aims to expand the digital payment market and integrate its digital asset infrastructure platform AlphaToken, advancing "AI+Web3" asset tokenization and compliant settlement-related businesses. According to further disclosure, Yunfeng Financial has received approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services, supporting users in trading digital assets such as Bitcoin and Ethereum on its platform.
Related news
Caixin: Yunfeng Financial’s gold token product has no secondary market, and the gold is stored in a Hong Kong vault.
According to Caixin, YF Financial’s gold token product has no secondary market, and the physical gold is stored in a Hong Kong vault. The product will be available only to users who have completed Hong Kong’s Professional Investor (PI) certification. A relevant official stated that physical-gold-backed token products are “in essence not financial leverage, but rather the digitization of assets.” In February this year, eight Chinese government departments—including the People’s Bank of China—jointly issued the “Notice on Further Preventing and Addressing Risks Related to Virtual Currencies and Other Matters,” which for the first time incorporated Real World Assets (RWA) into the regulatory framework at the supervisory level, adopting an overall approach of “strict prohibition domestically and strict oversight overseas.” Earlier reports indicated that YF Youyu—a subsidiary of YF Financial, in which Jack Ma holds an indirect stake—launched a physical-gold-backed token product, with physical gold as its underlying collateral asset; each unit of the product corresponds to 1 gram of LBMA-certified physical gold with 99.99% purity.
Yunfeng Youyu, a subsidiary of Yunfeng Financial Group, officially launches its “Physical Gold Token” product.
According to an official announcement by Yunfeng Financial, Yunfeng Financial (HKEX: 00376) has officially launched its “Physical Gold Token” product on its Yunfeng Youyu platform, with underlying blockchain and asset tokenization infrastructure support provided by AlphaToken. Each unit of the product corresponds to 1 gram of physical gold certified by the London Bullion Market Association (LBMA) with a purity of 99.99%. The underlying assets are held in professional vaults accredited for international operations and subject to independent audits. The product’s value is directly linked to the international gold market price. This product is available exclusively to users who have completed Professional Investor (PI) qualification certification.
Yunfeng Financial Strategic Investment in WooshPay, Plans to Expand Digital Payment and Asset Tokenization Business
: Yunfeng Financial has announced the completion of a strategic investment in cross-border payment service provider WooshPay, with the specific amount undisclosed. WooshPay is a financial infrastructure platform regulated by the UK Financial Conduct Authority and the Hong Kong Customs and Excise Department. Yunfeng Financial stated that this investment aims to expand the digital payment market and integrate its digital asset infrastructure platform AlphaToken, advancing "AI+Web3" asset tokenization and compliant settlement-related businesses. According to further disclosure, Yunfeng Financial has received approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services, supporting users in trading digital assets such as Bitcoin and Ethereum on its platform.