A unit of Chinese ant group conglomer is tokenizing more than $ 8 billion worth of energy infrastructure in its own blockchain.
The ant digital technologies, the arm of enterprise solutions of the Jack Back Ant Group, are in the process of tokenizing 60 billion yuan ($ 8.4 billion) of electricity infrastructure on its antchain network, According to To Bloomberg, the people who are familiar with this matter are mentioned.
The company monitors electricity output and outages from 15 million energy devices, including wind turbines and solar panels across China, and uploading this data to their blockchain, according to the report.
Ant Digital has completed financing for three clean energy projects using asset tokenization, which increases nearly 300 million yuan ($ 42 million) total, and its next step is to issue tokens that are linked to the owners.
One of the company’s future expansion options is to put tokens in the decentralized exchange offshore to create more liquidity for possessions, but it is subject to regulatory approval, according to indifferent resources.
Ant that has been able to explore energy assets
Ant Digital raised 100 million yuan ($ 14 million) for the energy firm Longshine Technology Group in August 2024, and links 9,000 of its electric billing units to Antchain.
In December, it gained more than 200 million yuan ($ 28 million) for GCL’s energy technology by connecting photovoltaic assets to its blockchain.
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Asset tokenization allows companies to miss traditional financial mediators by releasing digital tokens directly to investors.
It provides many benefits, such as cutting middlemen such as loan and underwriter officials, reducing costs and accelerating access to funding, and opening retail investment opportunities that are usually excluded from infrastructure financing.
Stablecoin’s ambitions
The Ant Group also has a Grand Stablecoin’s ambitions.
In July, it was reported That ant group is working with the Stablecoin Issuer Circle to include the USDC on its blockchain platform.
Meanwhile, the global division of the group, Ant International, has leveraging infrastructure for cross-border corporate payments and applying for Stablecoin licenses associated with.
Rwa onchain value to record high
The real-world asset tokenization is a nascent sector; However, the cost of the Onchain has been nearly doubled since the beginning of this year, reaching a record of $ 28.4 billion this week, According to To RWA.XYZ.
More than half of this total has been tokenized private credit, while more than one -quite a while haslocked the US Treasurys. Ethereum remains Dominant of the market Chain for tokenizing RWA with 57% of the market.
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