Fosun FinTech's physical gold token product does not support secondary market trading

BlockBeats News, May 8th. The physical gold token product launched by Yunfeng Financial's "Yunfeng Youyu" does not support secondary market trading. Professional investors who purchase the token cannot freely buy/sell/transfer the token on the platform or any other public market. They can only hold the token or redeem it to the issuer according to the agreed terms. This measure aims to maintain compliance and control liquidity risks.

In a report yesterday, Yunfeng Financial (00376.HK) announced the official launch of the "Physical Gold Token" product on its "Yunfeng Youyu" platform, open to users who have completed Professional Investor (PI) certification. The product is supported by AlphaToken's blockchain and RWA tokenization infrastructure, aiming to provide professional investors with compliant gold digital asset allocation services. The gold token is backed by physical gold certified by LBMA, with a purity of 99.99% as the underlying asset. Each token corresponds to 1 gram of gold. The related assets are held in an international accredited gold vault, and transparency and security are ensured through independent audits and full reserve custody mechanisms. Yunfeng Financial stated that the launch of this product marks its significant presence in the Real World Assets (RWA) field and plans to integrate AI and Web3 technologies in the future to further introduce on-chain wealth management products for institutions and professional investors.