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Yunfeng Financial Partners with Ant Digital Technology to Back Pharos Blockchain

According to Yunfeng Financial, the company entered into a strategic partnership with Ant Digital Technologies and invested in Pharos to advance compliant RWA tokenization and Web3 development through its high-performance chain.

Summary

Yunfeng Financial announced an official strategic partnership with Ant Digital Technologies alongside a strategic investment in Pharos. The collaboration will leverage Pharos’ high-performance public chain to drive compliant real-world asset tokenization and expand Web3 initiatives. Following the announcement, Yunfeng Financial’s stock price rose 12.24% to HK$3.76.

Terms & Concepts
  • Layer-1 Blockchain: A base blockchain architecture that processes transactions directly without relying on other networks.
  • Real-World Asset (RWA) Tokenization: The process of converting physical or traditional financial assets into digital tokens on a blockchain.
  • Web3: The decentralized internet ecosystem built on blockchain technology, enabling peer-to-peer applications and services without intermediaries.