Source: Tech – South China Morning PostYunfeng Financial Group, backed by Alibaba Group Holding founder Jack Ma, said it was investing in the cryptocurrency ether as part of its reserve assets, as the company expands into Web3 amid Hong Kong’s digital asset initiative.
To date, Hong Kong-listed Yunfeng has invested US$44 million to acquire 10,000 ether for its “strategic reserve”, according to an exchange filing on Tuesday. Ether would provide “key infrastructure support” for real-world asset (RWA) tokenisation activities, Yunfeng…Read More