Yunfeng Financial Group has appointed Geoff Jiang Guofei as Chairman of its Web3 Development Committee, marking a significant step in its Web3 strategy. Jiang, a former Ant Group executive, previously led the blockchain project Trusple and directed the DAMO Academy's Fintech Lab. The appointment comes as Yunfeng Financial, backed by Jack Ma, advances its Web3 initiatives, having recently completed its first real-world asset tokenization project. The firm also acquired 10,000 Ethereum for $44 million as a strategic reserve, aiming to expand tokenized solutions across various asset classes.