Yunfeng Financial, a Hong Kong-based company linked to Jack Ma, has made a significant investment in digital assets by acquiring 10,000 Ethereum worth approximately $44 million. This acquisition marks the firm’s commitment to Web3 technologies and its integration into the digital currency landscape. Yunfeng aims to leverage its internal cash reserves to secure these ETH holdings, reflecting its strategic push towards digital asset adoption. Jack Ma’s influence is evident through this investment as it reflects Yunfeng’s dedication to incorporating digital currencies within their business model. The purchase positions Yunfeng Financial amongst the leading Asian institutions holding crypto assets, signaling a growing trend of institutional engagement in this space. This move reinforces the acceptance of digital currencies within Asia’s financial sectors, paving the way for a broader diversification into these assets.