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Jack Ma's holding company Yunfeng Financial strategically invests in the financial infrastructure platform WooshPay
Golden Finance reports that on May 3rd, Yunfeng Financial, which is owned by Jack Ma, announced the completion of a strategic investment in cross-border payment service provider WooshPay, with the specific investment amount not yet disclosed. WooshPay is a financial infrastructure platform regulated by the UK Financial Conduct Authority (FCA) and Hong Kong Customs. Yunfeng Financial stated that this strategic investment aims to explore the digital payment market and integrate the digital asset infrastructure platform AlphaToken, building a closed-loop ecosystem for asset tokenization and compliant settlement based on “AI + Web3.”
It is reported that Yunfeng Financial has currently obtained approval from the Hong Kong Securities and Futures Commission to provide virtual asset trading services, allowing users to directly trade digital assets (such as Bitcoin, Ethereum, etc.) on its trading platform.