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.
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