Core Insights - Yunfeng Financial has strategically invested in Anthea Holding Limited, a global cryptocurrency life insurance company, and signed a strategic cooperation memorandum with Anthea [1] - The partnership aims to enhance risk management frameworks, particularly in KYC and anti-money laundering processes, while exploring innovative insurance and financial products in the digital asset era [1][3] Company Overview - Yunfeng Financial is primarily owned by Yunfeng Financial Holdings Limited and American International Group, one of the top five life insurance companies in the U.S. [1] - The company operates in insurance, securities brokerage, asset management, and fintech, holding multiple licenses from the Hong Kong Securities and Futures Commission [1] Strategic Developments - In September 2023, Yunfeng Financial announced an upgrade of its existing securities trading license to provide virtual asset trading services, allowing retail and professional investors to trade digital assets directly on its platform [2] - As of October 2023, there are 15 companies operating virtual asset trading platforms in Hong Kong, with 47 institutions licensed to provide virtual asset trading services [2] Anthea Holding Limited - Anthea offers life insurance products denominated in cryptocurrencies through its wholly-owned subsidiary, Anthea Insurance Limited [3] - Anthea Insurance Limited has received pre-approval from the Bermuda Monetary Authority to issue innovative long-term insurance business licenses, targeting digital asset holders with compliant and efficient insurance solutions [3]
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