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Yunfeng Financial’s YFF Fish Launches Tokenized Gold Product Backed by 1 Gram per Unit

According to the new details, the tokenized gold product is available to Hong Kong professional investors, with each unit backed by 1 gram of 99.99% LBMA-certified gold stored in a Hong Kong vault and no secondary market.

Summary

Yunfeng Financial’s YF Fish tokenized gold product is available to Hong Kong professional investors, with each unit backed by 1 gram of 99.99% LBMA-certified physical gold. New details state that the underlying gold is stored in a Hong Kong vault and that the product has no secondary market. The offering remains part of a real-world asset tokenization structure, and the new release also notes that China’s regulators brought RWA into a framework of strict offshore oversight in February.

Terms & Concepts
  • RWA: Short for real-world assets, referring to physical or traditional financial assets represented on blockchain systems through tokenization.
  • LBMA-certified gold: Gold that meets standards set by the LBMA, a widely recognized benchmark for bullion quality in the global precious metals market.
  • Tokenized gold product: A digital token structure in which each unit represents a specified amount of underlying gold held in custody.