Hong Kong based, Alibaba founder Jack Ma backed Yunfeng Financial Group has reportedly invested $44 million in Ethereum (ETH) to its strategic reserve assets.
This is also seen as a significant move for the company showcasing their interest in integrating digital assets into its financial operations.
The company reportedly acquired 10,000 ETH tokens.
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The investment aligns with Hong Kong’s ambition to position itself as a global hub for digital assets.
Furthermore, this ambition is supported by the country’s regulatory framework encouraging blockchain adoption.
Yunfeng Financial Group believes that Ethereum will serve as “key infrastructure support” for its tokenization services.
The investment also reflects growing confidence in Ethereum’s role in asset management as more companies embrace ETH for their treasuries.
Earlier in June 2025, Jack Ma’s Singapore based Ant Group, Ant International applied for stablecoin licenses in Hong Kong and Singapore.
Jack Ma’s Yunfeng’s Strategic Position
Yunfeng Financial Group, primarily an insurance focused firm, reported HK$2.8 billion ($359 million) in revenue last year.
The firm recorded a net profit of HK$471 million ($60.35 million).
The firm’s investment in Ethereum further signifies Yunfeng’s pivot toward innovative financial technologies.
