Jack Ma’s Yunfeng Financial Acquires $44 Million Worth of Ethereum Amid Web3 Push!

Jakarta, Pintu News – Yunfeng Financial Group, founded by Jack Ma, recently announced a significant purchase of Ethereum (ETH) worth $44 million.

The move marks a serious expansion in the crypto market and shows the growing interest of Chinese financial companies in cryptocurrencies, despite the evolving regulatory environment.

Strategic Investment in Ethereum

On September 2, Yunfeng Financial Group Limited, listed in Hong Kong and founded by Alibaba’s Jack Ma, announced a $44 million purchase of Ethereum (ETH). The purchase involved nearly 10,000 ETH and was part of the company’s expansion strategy into the digital currency market.

Read also: Ethereum Price Stays at $4,300 Today (Sept 4): With ETH Supply Shrinking, What’s Next?

The purchase was made through a voluntary announcement to the Hong Kong Stock Exchange, and the funds for the purchase came from the company’s internal cash reserves, rather than through external financing. This demonstrates Yunfeng’s confidence and commitment to blockchain technology and its application in financial services.

Web3 Expansion and Real Asset Tokenization

With this Ethereum (ETH) stake, Yunfeng plans to support technological innovation through blockchain-based services.

Executive director and interim CEO, Huang Xin, signed the announcement, stating that the purchase is in line with the company’s strategic roadmap for July 2024, which includes priorities on Web3, Real Asset Tokenization (RWA), digital currency, Net-Zero ESG Assets, and artificial intelligence sectors.

The purchase will also reflect investment in Yunfeng’s financial statements, supporting broader technological innovation. It demonstrates Yunfeng’s commitment to comprehensively integrating financial technology, improving customer service experience, and optimizing the company’s asset structure.

Read also: US Stock Tokenization via xStocks Now Live on Ethereum

Regulatory Adaptation and Innovation

Yunfeng’s investment in Ethereum (ETH) reflects a broader shift in China’s approach to digital assets and blockchain technology. Despite restrictions on cryptocurrency trading, Chinese authorities are increasingly recognizing blockchain technology applications in financial services and digital infrastructure development, such as stablecoins.

Yunfeng Board emphasized that this purchase of Ethereum (ETH) provides infrastructure support for Real Asset Tokenization (RWA) activities and Web3 client services. The company plans to explore ETH applications in its insurance business while developing innovative scenarios compatible with Web3 technology.

Overall, Yunfeng Financial Group’s bold move in adopting a crypto cash strategy demonstrates significant adaptation and innovation amidst regulatory challenges. It not only strengthens Yunfeng’s position in the global financial market but also marks a new chapter in the company’s digital journey.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• CoinSpeaker. Alibaba Founder’s Financial Firm Purchases 10,000 Ethereum for Web3 Expansion. Accessed on September 4, 2025
• Cointelegraph. Yunfeng Financial Buys 10,000 ETH for Web3 Expansion. Accessed on September 4, 2025