Shares of the company commenced trading today with a robust gain of over 14%, surging 11.34% to HK$3.73 as of publication. According to reports, Yunfeng Financial has inked a strategic partnership with Ant Digital Technology and made a strategic investment in Pharos Network Technology Limited. The alliance aims to leverage Pharos' advanced public blockchain platform to jointly advance the tokenization of real-world assets (RWA) and explore the Web3 realm, thereby accelerating the adoption of blockchain technology in digital finance. Pharos specializes in institutional-grade RWA applications, and this collaboration intends to foster a deeper integration between Web3 and the financial sector.
