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Yunfeng Financial, indirectly owned by Jack Ma, has launched a physical gold token product through its subsidiary Yunfeng Youyu.
Golden Finance reports that on May 7th, Yunfeng Financial, indirectly owned by Jack Ma, launched a physical gold token product through its subsidiary Yunfeng Youyu.
Relying on a compliant operational framework with licensed financial institutions, it aims to provide qualified professional investors (PI) with more convenient and transparent digital asset allocation services for physical gold.
The gold token is anchored to physical gold as the underlying asset, with each unit of the product corresponding to 1 gram of LBMA-certified pure gold with a purity of 99.99%.