FINANCE

Yunfeng Launches Gold-Backed Digital Token in Hong Kong

Published: May. 7, 2026 8:56 p.m. GMT+8

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Yunfeng Financial Group unveiled a blockchain-based gold product tied to physical bullion stored in the city. Photo: VCG

Yunfeng Financial Group Ltd. has launched a physical gold-backed digital token for professional investors in Hong Kong.

The product, introduced Thursday, represents one gram of 99.99% pure physical bullion stored in Hong Kong vaults, with no secondary-market trading. The underlying blockchain infrastructure is provided by AlphaToken, a firm founded by Jiang Guofei, the former president of Ant Group Co. Ltd.’s Ant Digital Technologies.

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Yunfeng Financial Group launched a gold-backed digital token for Hong Kong professional investors, representing 1g of 99.99% pure bullion on AlphaToken blockchain; no secondary trading.
Hong Kong plans >2,000 tons gold storage in 3 years; tokenized commodities hit $5.5B, gold spot trading $90.7B in Q1 2026.
HSBC offers competing products; China banned onshore RWA tokenization in Feb 2026.

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Who’s Who

Yunfeng Financial Group Ltd.: Yunfeng Financial Group Ltd. launched a physical gold-backed digital token for professional investors in Hong Kong. Each token represents 1 gram of 99.99% pure bullion stored in local vaults, with no secondary-market trading. The blockchain is powered by AlphaToken, founded by Jiang Guofei, ex-president of Ant Group's Ant Digital Technologies.

AlphaToken: AlphaToken provides the blockchain infrastructure for Yunfeng Financial Group's physical gold-backed digital token in Hong Kong. The firm was founded by Jiang Guofei, former president of Ant Group’s Ant Digital Technologies.

Ant Group Co. Ltd.: Jiang Guofei, former president of Ant Group Co. Ltd.’s Ant Digital Technologies, founded AlphaToken, which provides the blockchain infrastructure for Yunfeng Financial Group's physical gold-backed digital token in Hong Kong.

CoinGecko: CoinGecko, a blockchain analytics firm, reported the global tokenized commodities market reached $5.5 billion in Q1 2026, with spot trading in tokenized gold at $90.7 billion, surpassing 2025's total volume.

HSBC: HSBC launched a retail gold token in Hong Kong in 2024 and partnered with Hang Seng Investment Management Ltd. in April to roll out a tokenized physical-gold exchange-traded fund.

Hang Seng Investment Management Ltd.: Hang Seng Investment Management Ltd. partnered with HSBC in April to roll out a tokenized physical-gold exchange-traded fund in Hong Kong.

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