The Hong Kong listed company Yunfeng Financial recently announced the purchase of 10,000 Ether (ETH) in the open market, with a total value of approximately 44 million USD, and will list it as a strategic reserve asset for the company. Due to the indirect shareholding relationship between Yunfeng Financial and Alibaba founder Jack Ma, this move quickly attracted market attention: does this massive increase the position mean that Jack Ma is also betting on the future of Ethereum and Web3?
The equity relationship between Yunfeng Financial and Jack Ma
According to public information, Jack Ma indirectly holds about 11.15% of the shares of Yunfeng Financial through Yunfeng Fund, and has a significant shareholding in its holding companies and related entities. Yunfeng Financial itself is a diversified fintech group, with businesses covering asset management, securities, insurance, and fintech solutions.
Therefore, the major investment trends of Yunfeng Financial are often interpreted by the market as having a certain correlation with Jack Ma's strategic vision.
Strategic Intent to Buy ETH
Yunfeng Finance announced that it will include ETH in its strategic reserve assets, aiming to support the tokenization of real-world assets (RWA), innovations in Web3 technology, and the deep integration of finance and blockchain infrastructure.
The funds for this purchase come from the company's internal cash reserves and are listed as investment assets on the financial statements. The company also emphasizes that holding ETH helps diversify assets, reduce reliance on traditional fiat currencies, and explore its applications in business scenarios such as insurance, asset management, and decentralized finance (DeFi).
with Ant Group, Pharos's Web3 layout
On the same day, Yunfeng Financial also announced a strategic partnership with Ant Digital Technology (Ant Digital) and invested in the Layer 1 public chain Pharos, which focuses on institutional-level RWA applications.
Both parties will rely on Pharos's high-performance public chain to promote the tokenization of RWA and the implementation of applications in the Web3 field under compliance, achieving the integration of blockchain and traditional finance.
Ant Financial Technology, as the commercialized technology sector of Ant Group, has accumulated rich experience in the blockchain and digital finance fields. Combined with Yunfeng Financial's traditional financial resources, it is expected to form a strong synergy.
Hong Kong Web3 Financial Regulatory Environment is Favorable
Hong Kong is accelerating the regulation and infrastructure development of digital assets and Web3.
As of the end of August, the Hong Kong Monetary Authority has received expressions of intent from 77 institutions to apply for a stablecoin issuer license, covering banks, technology companies, asset management firms, and Web3 startups.
At the same time, Futian Investment Holdings has issued the world's first publicly offered digital bond backed by real-world assets (RWA) on the Ethereum public chain in Hong Kong, with a scale of 500 million RMB, a coupon rate of 2.62%, and has received a rating of A- from Fitch.
These dynamics show that Hong Kong is becoming an important testing ground for RWA and Web3 financial innovation in Asia.
Jack Ma and Yunfeng Financial's Web3 Prospects
Yunfeng Financial's ETH investment and Web3 layout are highly aligned with Jack Ma's long-term focus on the digital economy and fintech.
Although Jack Ma did not directly participate in this transaction, as an indirect shareholder, his influence and strategic vision may have shaped the direction of Yunfeng Financial to some extent.
Against the backdrop of gradually improving digital asset regulation in Hong Kong and the rapid rise of RWA applications, Yunfeng Financial's actions are seen as a key step in seizing the future financial infrastructure track.
Conclusion
Yunfeng Financial invested $44 million to buy ETH, which is not only an asset allocation adjustment but also an important move in its Web3 and RWA strategy.
Combining the collaboration with Ant Group and Pharos, along with Hong Kong's proactive stance on digital asset regulation, this series of actions may establish a leading advantage for Cloud Finance in the new round of financial technology competition.
For the market, this is not just a piece of corporate investment news, but it could also be a new chapter in Jack Ma's capital landscape in the Web3 field.
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Yunfeng Financial splurges $44 million to buy ETH, revealing the relationship behind Jack Ma.
The Hong Kong listed company Yunfeng Financial recently announced the purchase of 10,000 Ether (ETH) in the open market, with a total value of approximately 44 million USD, and will list it as a strategic reserve asset for the company. Due to the indirect shareholding relationship between Yunfeng Financial and Alibaba founder Jack Ma, this move quickly attracted market attention: does this massive increase the position mean that Jack Ma is also betting on the future of Ethereum and Web3?
The equity relationship between Yunfeng Financial and Jack Ma
According to public information, Jack Ma indirectly holds about 11.15% of the shares of Yunfeng Financial through Yunfeng Fund, and has a significant shareholding in its holding companies and related entities. Yunfeng Financial itself is a diversified fintech group, with businesses covering asset management, securities, insurance, and fintech solutions.
Therefore, the major investment trends of Yunfeng Financial are often interpreted by the market as having a certain correlation with Jack Ma's strategic vision.
Strategic Intent to Buy ETH
Yunfeng Finance announced that it will include ETH in its strategic reserve assets, aiming to support the tokenization of real-world assets (RWA), innovations in Web3 technology, and the deep integration of finance and blockchain infrastructure.
The funds for this purchase come from the company's internal cash reserves and are listed as investment assets on the financial statements. The company also emphasizes that holding ETH helps diversify assets, reduce reliance on traditional fiat currencies, and explore its applications in business scenarios such as insurance, asset management, and decentralized finance (DeFi).
with Ant Group, Pharos's Web3 layout
On the same day, Yunfeng Financial also announced a strategic partnership with Ant Digital Technology (Ant Digital) and invested in the Layer 1 public chain Pharos, which focuses on institutional-level RWA applications.
Both parties will rely on Pharos's high-performance public chain to promote the tokenization of RWA and the implementation of applications in the Web3 field under compliance, achieving the integration of blockchain and traditional finance.
Ant Financial Technology, as the commercialized technology sector of Ant Group, has accumulated rich experience in the blockchain and digital finance fields. Combined with Yunfeng Financial's traditional financial resources, it is expected to form a strong synergy.
Hong Kong Web3 Financial Regulatory Environment is Favorable
Hong Kong is accelerating the regulation and infrastructure development of digital assets and Web3.
As of the end of August, the Hong Kong Monetary Authority has received expressions of intent from 77 institutions to apply for a stablecoin issuer license, covering banks, technology companies, asset management firms, and Web3 startups.
At the same time, Futian Investment Holdings has issued the world's first publicly offered digital bond backed by real-world assets (RWA) on the Ethereum public chain in Hong Kong, with a scale of 500 million RMB, a coupon rate of 2.62%, and has received a rating of A- from Fitch.
These dynamics show that Hong Kong is becoming an important testing ground for RWA and Web3 financial innovation in Asia.
Jack Ma and Yunfeng Financial's Web3 Prospects
Yunfeng Financial's ETH investment and Web3 layout are highly aligned with Jack Ma's long-term focus on the digital economy and fintech.
Although Jack Ma did not directly participate in this transaction, as an indirect shareholder, his influence and strategic vision may have shaped the direction of Yunfeng Financial to some extent.
Against the backdrop of gradually improving digital asset regulation in Hong Kong and the rapid rise of RWA applications, Yunfeng Financial's actions are seen as a key step in seizing the future financial infrastructure track.
Conclusion
Yunfeng Financial invested $44 million to buy ETH, which is not only an asset allocation adjustment but also an important move in its Web3 and RWA strategy.
Combining the collaboration with Ant Group and Pharos, along with Hong Kong's proactive stance on digital asset regulation, this series of actions may establish a leading advantage for Cloud Finance in the new round of financial technology competition.
For the market, this is not just a piece of corporate investment news, but it could also be a new chapter in Jack Ma's capital landscape in the Web3 field.