Yunfeng Financial announced yesterday a strategic partnership agreement with Ant Financial and a strategic investment in Pharos. The two parties will collaborate on compliant development of cutting-edge areas such as the tokenization of real-world assets (RWAs) and Web 3 through Pharos' high-performance public blockchain platform.

Market data shows that Hong Kong-listed Yunfeng Financial (00376.HK) rose 12.24% and is now trading at HK$3.76.