$16 trillion RWA circuit detonated! Ant Math x Yunfeng Finance (00376) join forces to launch “First Shot of the Century”

Zhitong Finance App learned that as the global capital market accelerates to embrace the wave of blockchain and digital assets, a strategic partnership integrating cutting-edge technology and financial innovation is quietly reshaping the industry pattern.

On September 1, Yunfeng Finance (00376) announced that it had reached a strategic cooperation agreement with Ant Digital Technology (Ant Group's technology commercialization division) and announced a strategic investment in Pharos, a next-generation Layer 1 public chain focused on tokenizing real-world assets (RWA).

One side is the “Hong Kong Finance Full License Player” with full licenses for securities, asset management, insurance, and new energy carbon assets. The other side is Ant Chain's technology giant, which has held the top BaaS market share in China for four consecutive years. When traditional financial “reinforced cement” meets the “code base” of blockchain, Yunfeng Finance and Ant Mathematics jointly chose to use the Pharos Public Chain as a construction drawing, aiming to establish a milestone called “New Financial Infrastructure” on the wasteland of institutional-level RWA.

As the core platform for the export of Ant Group's technical capabilities to the outside world, Ant Math continues to be deeply involved in cutting-edge fields such as blockchain, private computing, and artificial intelligence. Its self-developed blockchain platform AntChain (AntChain) has more than 50 nodes around the world and has applied for more than 2,000 blockchain-related patents, ranking among the world's top players. At the RWA circuit, Ant Mathematics is not simply providing technical tools, but is committed to building infrastructure for the entire life cycle of “asset on-chain - authorization - circulation - supervision”.

Ant Math has previously completed the implementation of new energy RWA and computing power RWA. In August 2024, under the guidance of the Hong Kong Monetary Authority, Ant Math supported the Mainland's listed new energy company Langxin to successfully complete RWA cross-border financing, making it the first new energy RWA project in China.

Yunfeng Finance, co-founded by Ma Yun, relies on Ali's ecosystem and global financial network, and has long been committed to investing in fintech and innovation. As an innovative fintech group listed on the Hong Kong Main Board, Yunfeng Financial holds Hong Kong No. 1 (securities trading), No. 4 (securities consulting), No. 6 (institutional finance), and No. 9 (asset management) licenses, which can seamlessly connect RWA token issuance with secondary market transactions. In its main business structure, 2025H1 insurance business accounts for 97.50% of revenue.

RWA is seen as the “third wave of blockchain revolution” after cryptocurrencies and DeFi. The McKinsey report predicts that the global RWA market is expected to exceed 16 trillion US dollars by 2030.

The partnership between Ant Math and Yunfeng Finance is by no means a simple technology procurement or project outsourcing, but a deep strategic collaboration:

Yunfeng Financial provides asset-side expertise and compliance frameworks. Ant Mathematics exports the underlying technical support and security architecture, while the Pharos public chain acts as a neutral and open infrastructure to carry the registration, authorization, transaction and settlement of assets.

The cooperation between the two parties is essentially a deep coupling between “Ant Mathematical Technology Foundation” and “Yunfeng Finance's Scenario Entry” to achieve a closed loop of technological empowerment and commercial implementation through the Pharos public chain. This closed loop ecosystem not only improves the efficiency of asset digitization, but also establishes an unprecedented trust mechanism through cryptography and smart contracts, reduces intermediary costs, and enhances transparency and auditability.

Once formed, this closed loop can open up value channels between real assets and the digital world, and release undervalued physical asset liquidity. For example, new energy infrastructure, supply chain claims, carbon assets, etc. will be fragmented and standardized through blockchain technology to lower the participation threshold for small and medium-sized investors, and at the same time provide institutions with cross-market asset allocation tools.

Judging from the market pattern, this cooperation will enhance Hong Kong's competitiveness as a global RWA center. Relying on Hong Kong's position as an international financial center, combined with Ant Mathematics' technical strength, Yunfeng Financial can attract more high-quality assets to be issued in Hong Kong, provide global investors with richer investment options, and further strengthen Hong Kong's leading position in the digital finance field.

If before 2020, Ant used mobile payments to change consumers' wallets; in 2020-2024, Ant Chain used Trust Technology to change supply chain finance; then starting in 2025, Ant Digital and Yunfeng Finance will use RWA to redefine the boundaries of assets, capital, and regulation. Hong Kong, an international financial center, also had the first opportunity to become a new “anchor” for global capital in the Web3 era.