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来源ODAILY

Caixin: Yunfeng Financial's gold token products have no secondary market, and the gold is stored in Hong Kong vaults.

According to Odaily, Yunfeng Financial's gold token product has no secondary market; the gold is stored in Hong Kong vaults. The product will be available to users who have completed Hong Kong Professional Investor (PI) certification. A spokesperson stated that the physical gold token product "is not essentially financial leverage, but rather a digitization of assets." In February of this year, eight departments, including the People's Bank of China, jointly issued the "Notice on Further Preventing and Handling Risks Related to Virtual Currencies," which for the first time included RWA (Real Money Market Fund) in the regulatory framework at the regulatory level. The overall approach is "strict prohibition domestically and strict management overseas." Previously, it was reported that Yunfeng Youyu, a subsidiary of Yunfeng Financial, in which Jack Ma indirectly holds shares, launched a physical gold token product. The product is anchored to physical gold, with each unit corresponding to 1 gram of physical gold certified by LBMA with a purity of 99.99%.
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