Yunfeng Financial Group – a Hong Kong-listed financial group co-founded by Jack Ma – has just attracted great attention when announcing the purchase of 10,000 ETH (Ethereum), equivalent to about 44 million USD , using its own internal Capital . This move is considered a bold step to affirm its pioneering position in the Web3 era and the trend of Tokenize real assets (RWA).
Jack Ma, whose real name is Ma Yun , and his partner David Yu founded Yunfeng Capital and control Yunfeng Financial Group. The name “Yunfeng” is a combination of “Yun” in Ma Yun and “Feng” in David Yu, reflecting the distinct personalities of the two founders. Through a complex ownership structure, Jack Ma currently indirectly holds about 11.15% of Yunfeng Financial’s shares .
The large purchase of Ethereum is not simply a speculative investment. Yunfeng Financial has confirmed that ETH will be accounted for as a strategic investment asset on its balance sheet. The goal is to diversify its asset portfolio , reduce its dependence on traditional fiat currencies, and create a solid foundation for expansion into new financial technology areas.
Ethereum was chosen over Bitcoin or other Token because this blockchain network currently plays a core Vai in most projects related to Web3, DeFi, Non-Fungible Token, and asset Tokenize . With its smart contract feature, Ethereum is considered an ideal platform for developing decentralized finance (DeFi) applications, smart insurance, as well as innovative business models related to artificial intelligence (AI) and digital assets.
