YUNFENG FIN (00376) saw its stock price surge by 14.93% in Tuesday's trading session, following the announcement of a significant strategic move in the blockchain and digital asset space. The Hong Kong-based financial services company has entered into a strategic cooperation agreement with Ant Digital Technology, the technology commercialization arm of Ant Group, and made a strategic investment in Pharos, a next-generation Layer1 blockchain focused on Real World Assets (RWA) tokenization.

This partnership aims to integrate cutting-edge blockchain technology with traditional finance, potentially reshaping the industry landscape. YUNFENG FIN, which holds comprehensive licenses in securities, asset management, insurance, and new energy carbon assets, will combine its financial expertise with Ant Digital Technology's blockchain capabilities. The collaboration will utilize the Pharos blockchain as their blueprint to establish what they're calling a "New Financial Infrastructure" in the institutional-grade RWA landscape.

Investors appear to be reacting positively to the potential of this strategic move. The RWA market is viewed as the "third wave of blockchain revolution" following cryptocurrencies and DeFi, with McKinsey predicting that the global RWA market could exceed $16 trillion by 2030. This partnership positions YUNFENG FIN at the forefront of this emerging market, potentially enhancing Hong Kong's competitiveness as a global RWA center. The collaboration is expected to improve asset digitization efficiency, build trust mechanisms through cryptography and smart contracts, and potentially unlock new revenue streams for the company in the rapidly evolving digital finance sector.