Yunfeng Financial, a Hong Kong-licensed financial institution affiliated with Jack Ma, has introduced a new tokenized real-world asset (RWA) product on its "Yunfeng Youyu" platform. This offering is targeted at professional investors and is backed by physical gold with a purity of 99.99%, certified by the London Bullion Market Association (LBMA). Each token represents one gram of gold, securely stored in an LBMA-certified vault. The issuance and RWA infrastructure are provided by AlphaToken. Previously, Yunfeng Financial announced its strategic expansion into the Web3, RWA, and digital asset sectors, including an investment in the RWA public chain Pharos.