Home Gold Investing Yunfeng Launches Gold-Backed Digital Token in Hong Kong
Gold Investing

Yunfeng Launches Gold-Backed Digital Token in Hong Kong

Share


Yunfeng Financial Group Ltd. has launched a physical gold-backed digital token for professional investors in Hong Kong.

The product, introduced Thursday, represents one gram of 99.99% pure physical bullion stored in Hong Kong vaults, with no secondary-market trading. The underlying blockchain infrastructure is provided by AlphaToken, a firm founded by Jiang Guofei, the former president of Ant Group Co. Ltd.’s Ant Digital Technologies.

loadingImg

You’ve accessed an article available only to subscribers

VIEW OPTIONS





Source link

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles

Mirae Asset Gold ETF leads gold ETFs in three-month returns; posts -4.7% return – Moneycontrol.com

Mirae Asset Gold ETF leads gold ETFs in three-month returns; posts -4.7%...

Gold and Silver Outlook Ahead of the Fed

and futures remained under pressure on Wednesday, opening with another gap down...

LaFleur Minerals Achieves Major Milestone at Beacon Gold Mill

Canadian company LaFleur Minerals (CNSX:LFLR) is now fully permitted and funded to...

Gold Rebounds as Oil Tumbles: Is $4,185 Back in Play?

A pause in U.S.-Iran hostilities sent oil sharply lower on Monday, easing...