In the wave of deep integration between Web3 technology and traditional finance, China's public chains are ushering in unprecedented development opportunities. Recently, two major announcements revealed the ambitions of Chinese public chains in promoting ecological development and RWA (Real World Assets) applications: the Conflux Foundation proposed to authorize the Ecosystem Fund to engage in strategic cooperation with global listed companies, aiming to explore areas such as digital asset vaults, POS node operations, on-chain liquidity, and RWA asset management. Meanwhile, Yunfeng Financial signed a strategic cooperation agreement with Ant Digital Technology (Ant Group) and made a strategic investment in the Layer1 public chain Pharos, which focuses on institutional-level RWA applications. These initiatives collectively indicate that Chinese public chains are accelerating their integration into mainstream finance, with the trillion-dollar RWA market on the verge of explosion.
- Conflux Foundation: Partnering with Listed Companies to Promote Ecological Development
According to Conflux Forum, the Conflux Foundation proposed to authorize the Ecosystem Fund to engage in strategic cooperation with global listed companies, aiming to continuously promote the development of the Conflux ecosystem and explore opportunities to attract more funds and partners.
Cooperation Areas: Covering digital asset vaults (DAT), POS node operations, on-chain liquidity, and RWA asset management.
Lock-up Mechanism: CFX tokens injected into the listed company vault will have a lock-up period of no less than 4 years.
Community Governance Voting: This proposal will soon initiate a community governance vote to solicit member opinions.
As the first public chain in China compliant with domestic regulatory requirements, Conflux's attempt to collaborate with listed companies aims to bring traditional capital into the Web3 ecosystem and jointly explore applications in cutting-edge fields such as RWA.
- Yunfeng Financial Partners with Ant Group: Strategic Investment in Pharos Public Chain, Targeting RWA
On September 1, news broke that Yunfeng Financial announced it had signed a strategic cooperation agreement with Ant Digital Technology (Ant Group) and made a strategic investment in the Layer1 public chain Pharos, which focuses on institutional-level RWA applications.
Reason for Strategic Cooperation: With the acceleration of global digitalization, the integration of Web3 technology and current finance has become a key driving force for industrial upgrading. This strategic cooperation with Ant Group will fully leverage the strengths of both parties: Ant Group's technological accumulation in blockchain and digital finance, combined with Yunfeng Financial's expertise in current financial businesses (asset management, securities, insurance) and new energy carbon assets.
Compliance Expansion: Under the premise of strictly adhering to compliance frameworks and placing a high emphasis on security, both parties will jointly expand into the tokenization of Real World Assets (RWA) and next-generation internet (Web3) through the high-performance Pharos public chain platform.
Pharos Public Chain: Pharos is a next-generation Layer1 public chain focused on building institutional-level Real World Asset (RWA) application scenarios. This investment will fully leverage Pharos's advanced technology and Yunfeng Financial's resource advantages, accelerating the integration of Web3 and current finance, and creating synergistic value for all parties.
Independent Third Party: Both Ant Group and Pharos are independent third parties of Yunfeng Financial.
- Trillion-Dollar RWA Market: Accelerating Explosion and Hong Kong's Hub Status
Market Potential: As the trend of RWA (Real World Assets) on-chain accelerates, a market opportunity valued at $16 trillion is opening up, with Ethereum as the underlying platform expected to become the core infrastructure of the next-generation financial system. According to the latest data from RWA.xyz, as of August 29, 2025, the total on-chain market value of RWA is $26.71 billion, a 5.10% increase compared to the same period last month, continuing a steady expansion trend.
Hong Kong Hub: As of the end of August, the Hong Kong Monetary Authority has received expressions of intent from 77 institutions to apply for stablecoin issuer licenses, covering banks, technology companies, securities and asset management firms, e-commerce, payment institutions, and Web3 startups.
RWA Publicly Offered Listed Digital Bonds: On September 1, Futian Investment Holdings announced the successful issuance of the world's first publicly offered listed digital bonds for RWA in Hong Kong through the Ethereum public chain, with a bond size of 500 million RMB, a term of 2 years, a coupon rate of 2.62%, and the token name FTID TOKEN 001 (Fubao), rated A- by Fitch.
Conclusion:
The collaboration between the Conflux Foundation and listed companies, as well as the strategic cooperation and investment in the Pharos public chain by Yunfeng Financial and Ant Group, collectively reveal the ambitions of Chinese public chains in promoting ecological development and RWA applications. These initiatives indicate that Chinese public chains are accelerating their integration into mainstream finance, with the trillion-dollar RWA market on the verge of explosion. Hong Kong, as an international financial center, is becoming an important hub for RWA development against the backdrop of the ongoing competition for stablecoin licenses.
Related Reading: Hong Kong Releases Positive Signals for Stablecoins, What Did the Investment Committee Chairman Actually Say?
Original Article: “Alibaba-affiliated Entities Make Strategic Investment in Pharos Blockchain, China’s Conflux Partners with Listed Companies to Drive Ecosystem Growth”
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