Jack Ma opens up a new financial path! Yunfeng Financial has received approval from the Hong Kong Securities and Futures Commission to carry out virtual asset trading.

On September 9, Yunfeng Financial, founded by Jack Ma, announced that it has obtained approval from the Hong Kong Securities and Futures Commission (SFC) to upgrade to a Type 1 (Securities Trading) license, allowing it to provide virtual asset trading services to clients under a licensed platform integrated account arrangement. This means that Yunfeng Fund, co-founded by Jack Ma and Yu Feng, is accelerating its entry into the Web3, real-world asset tokenization (RWA), and digital asset fields.

SFC allows, virtual asset trading business starts

According to the announcement, the license upgrade by Yunfeng Financial will enable it to provide trading services for mainstream digital assets such as Ethereum (ETH), Bitcoin (BTC), and Solana (SOL) within a compliant framework.

This initiative is seen as an important milestone for Yunfeng Financial's official entry into the virtual asset trading track, and it lays the foundation for its future digital asset management, RWA tokenization, and Web3 applications.

Heavy investment in Ethereum, strategic diversification of reserve assets

In early September, Yunfeng Financial has accumulated the purchase of 10,000 ETH in the open market, with a total investment amount of 44 million USD (approximately 314 million RMB), and the funds all come from the company's internal cash reserves.

The company stated that it will continue to increase the proportion of digital asset reserves in the future and explore the inclusion of diversified mainstream crypto assets such as BTC and SOL into its strategic reserves to optimize its asset structure and reduce reliance on traditional currencies.

Join hands with Ant Group and Pharos to advance RWA tokenization

On September 1st, Yunfeng Financial signed a strategic cooperation agreement with Ant Digital Technology (Ant Digital) and made a strategic investment in Pharos, a Layer 1 public chain focused on institutional-level RWA applications.

Both parties will advance the tokenization of RWA and applications in the Web3 field under the premise of compliance, relying on the high-performance public chain Pharos to achieve deep integration of blockchain and traditional financial services.

Introduce heavyweight directors to strengthen strategic implementation

On September 5th, Yunfeng Financial appointed Liang Xinjun as an independent non-executive director. Liang Xinjun was a co-founder of Fosun Group and is currently the chairman and CEO of the Xin family office. He has extensive investment experience in the Web3 and artificial intelligence fields and will provide strategic support for Yunfeng Financial's cutting-edge technology layout.

Jack Ma's "Retirement New Chapter"

Yunfeng Fund was co-founded by Jack Ma and Yu Feng in 2010. Although Jack Ma has long announced his retirement, he has frequently appeared in Alibaba's campuses, Ant Group activities, and public welfare projects in recent years, and has expressed his views on AI, technology, and sustainable development multiple times.

It is widely believed that Yunfeng Financial's active布局 in the digital asset and Web3 sectors may represent Jack Ma's "new financial path" in the digital economy era, and is also an important extension of its capital landscape.

Conclusion

With the Hong Kong Securities and Futures Commission approving virtual asset trading businesses, heavily reserving ETH, and laying out RWA and Web3, Yunfeng Financial is accelerating its march into a new era of digital finance. For Jack Ma, this is not only an upgrade in asset allocation but also a strategic gamble on the future financial infrastructure.