Fosun FinTech's subsidiary, "Fosun AlphaFish," has launched a physical gold token product, with underlying support from AlphaToken

BlockBeats News, May 7th, Yunfeng Financial (00376.HK)’s subsidiary, Yunfeng Yoyow, officially launched the "Physical Gold Token" product, open to accredited professional investors (PI). The product is supported by AlphaToken's blockchain and RWA tokenization infrastructure, aiming to provide compliant gold digital asset allocation services to professional investors.

According to reports, the gold token is backed by LBMA-certified gold with a purity of 99.99% as the underlying asset, with each token corresponding to 1 gram of gold. The related assets are held in an internationally accredited gold vault, and transparency and security are ensured through independent audits and full reserve custody mechanisms.

AlphaToken stated that its AlphaChain network and RWA Tokenization technology system, based on its proprietary infrastructure, have embedded KYC, AML, asset issuance, auditing, and risk control processes to provide licensed financial institutions with on-chain issuance and management capabilities.

Yunfeng Financial stated that the launch of this product is a significant move in its real-world assets (RWA) field and will further integrate AI and Web3 technologies to launch on-chain wealth management products for institutions and professional investors.