Yunfeng Financial (00376.HK) has announced the successful tokenization of high-quality Fund of Funds (FOF) shares held by its wholly-owned subsidiary, marking the company's first independently operated real-world asset (RWA) tokenization project. This initiative adheres to the Hong Kong Securities and Futures Commission's virtual asset regulatory framework, aiming to address the challenges of cumbersome traditional fund share transfers and liquidity shortages. Previously, on July 15, Yunfeng Financial designated RWA as a strategic focus and invested $44 million to acquire 10,000 ETH as reserves in early September.