A unit of the Chinese Fintech conglomerate ants are judging more than $ 8 billion in energy infrastructure on its own blockchain.
Ant Digital Technologies, the Branch of corporate solutions of the Ant supported by Jack MA, is tokenize 60 billion yuan (8.4 billion dollars) of electricity infrastructure on its Antchain network, according to Bloomberg, invoking people familiar with the problem.
The company monitored power and power failures of 15 million energy devices, including wind turbines and solar panels across China, and download this data on their blockchain, according to the report.
Ant Digital has already completed funding for three clean energy projects using asset tokenization, increasing around 300 million yuan ($ 42 million) in total, and its next step will be to issue tokens related to these assets.
One of the company’s future expansion options is to put tokens on decentralized offshore exchanges to create more liquidity for assets, but this is subject to regulatory approval, according to anonymous sources.
Furnae already tokensizing energy active ingredients
Ant Digital raised 100 million yuan (14 million dollars) for the energy company Longshine Technology Group in August 2024 and linked 9,000 of its electrical load units to Antchain.
In December, he obtained more than 200 million yuan ($ 28 million) for GCL Energy Technology by connecting photovoltaic assets to his blockchain.
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The tokenization of assets allows companies to bypass traditional financial intermediaries by issuing digital tokens directly to investors.
This offers several advantages, such as deleting intermediaries such as loan agents and subscribers, cost reduction and upgrading access to financing, and the opening of investment opportunities for retail investors generally excluded from the financing of infrastructure.
Stablecoin ambitions
Ant Group also has great Stablecoin ambitions.
In July, it was reported that Ant Group worked with Stablecoin from Circle to join the USDC in its blockchain platform.
Meanwhile, the group’s global division, Ant International, has taken advantage of infrastructure for cross -border payments and applies for licenses related to the stable reserve.
Rwa Onchain value at High Record
The tokenization of real assets is always an emerging sector; However, onchain’s value has almost doubled since the start of this year, reaching a record summit of $ 28.4 billion this week, according to Rwa.xyz.
More than half of this total is a tokenized private credit, while a little over a quarter is tokenized American treasures. Ethereum remains the predominantly chain for Rwa in Tokenization with a market share of 57%.
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