[Yunfeng Financial, indirectly held by Jack Ma, launches physical gold token product through Yunfeng Youyu] According to Golden Finance, on May 7, Yunfeng Youyu, a subsidiary of Yunfeng Financial indirectly held by Jack Ma, launched a physical gold token product. Relying on the compliance operational framework of licensed financial institutions, the product aims to provide qualified professional investors (PI) with more convenient and transparent digital asset allocation services for physical gold. The gold token is anchored to physical gold as its underlying asset, with each unit of the product corresponding to 1 gram of LBMA-certified physical gold with a purity of 99.99%.