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- 📢 Gate Square Ambassador Recruitment is Now Open! 🔥
Join Gate Ambassadors for more than just creating — embark on an exciting journey! 💡
As a Square Ambassador, you’ll enjoy:
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Details: https://www.gate.com/zh-tw/announcements/article/47455
Ant Digital plans to encrypt over 8 billion dollars in energy assets.
Ant Digital Technologies, the blockchain arm of Ant Group, is implementing a plan to bring more than 60 billion yuan (8.4 billion USD) of energy assets onto the blockchain, according to Bloomberg. The company has been monitoring data from approximately 15 million new energy devices in China, including wind turbines and solar panels, and storing it on AntChain.
The project has surpassed the testing phase as Ant completed the fundraising of approximately 300 million yuan (42 million USD) for three clean energy projects through tokenization. Ant is also considering issuing tokens on an international decentralized exchange to increase liquidity, but the plan depends on regulatory requirements.
In December 2024, GCL Energy launched a RWA project worth over 200 million RMB (28 million USD) with support from Ant Digital. In addition, the company also participated in the sandbox organized by the Hong Kong Monetary Authority to test RWA tokenization.