Fincross International, a wholly owned subsidiary of Yunfeng Financial Group, has completed the tokenization of FOF Fund investment shares' RWA.

BlockBeats News, September 17th. According to an announcement from CloudBank Financial Group Limited, its blockchain technology team successfully tokenized the FOF (Fund of Funds) shares of a wholly-owned subsidiary into real-world assets and issued the first independently completed RWA project. This move marks a breakthrough for the group in financial technology innovation, further promoting the deep integration of traditional finance and blockchain technology.

The FOF fund mainly focuses on alternative assets, directly or indirectly investing in the credit and real estate debt securities market. The tokenized investment shares provide investors with increased transparency.