Yunfeng Financial has announced a strategic partnership with Ant Digital Technology to jointly invest in the Layer 1 blockchain project, Pharos. Pharos focuses primarily on the tokenization of real-world assets (RWA) at the institutional level. The collaboration aims to promote RWA tokenization and explore innovative opportunities in Web 3-related sectors by leveraging Pharos’ high-performance blockchain technology within legal and regulatory frameworks. Both Ant Digital and Pharos operate independently from Yunfeng Financial, ensuring transparency and autonomy in the partnership. This initiative marks a significant advancement in institutional investment and digital representation of assets within the blockchain and cryptocurrency space. Yunfeng Financial is a well-known financial institution active in advanced financial services and the digital asset market, while Ant Digital, the digital technology arm of Ant Group, is recognized for its expertise in blockchain and fintech. Pharos blockchain, functioning as a Layer 1 chain, has gained attention for its fast and secure transaction capabilities. This partnership is part of broader efforts to enhance transparency and efficiency in traditional financial systems through blockchain, facilitating safer and more accessible digitalization of real assets. In the future, this cooperation is expected to support the adoption of Web 3 technologies and create new opportunities within the financial sector.
Source: binance
