A subsidiary of China's fintech giant Ant Group is tokenizing over $8 billion in energy infrastructure assets on its own blockchain.
According to Bloomberg, citing informed sources, Ant Group's enterprise solutions division, Ant Digital Technology, is tokenizing $6 billion (approximately $840 million) worth of power infrastructure on its Ant Chain network.
Reports indicate that the company has been monitoring the power generation and outage status of 15 million energy devices nationwide, including wind turbines and solar panels. The company then uploads the relevant data to its blockchain.
Ant Digital has completed financing for three clean energy projects through asset tokenization, raising approximately $30 million (around $4.2 million), with plans to issue tokens associated with these assets next.
Anonymous sources say the company also plans to list these tokens on offshore exchanges in the future to further enhance asset liquidity, pending regulatory approval.
In August 2024, Ant Digital raised $14 million (approximately $1.4 million) for energy company Longxin Technology Group and connected its 9,000 charging devices to Ant Chain.
In December, Ant Digital financed over $28 million (approximately $2.8 million) for GCL-Poly Energy by integrating photovoltaic assets into its blockchain.
Asset tokenization allows companies to issue digital tokens directly to investors without relying on traditional financial intermediaries.
This approach brings multiple advantages. For example, it eliminates intermediaries such as loan officers and underwriters, reducing costs and speeding up financing. At the same time, it provides investment opportunities for retail investors who typically find it difficult to participate in infrastructure financing.
Ant Group is also actively expanding its stablecoin-related business.
In July, reports indicated that Ant Group is collaborating with stablecoin issuer Circle to integrate USDC into its blockchain platform.
Meanwhile, the group's global business segment, Ant International, is promoting cross-border corporate payments through infrastructure and applying for licenses related to stablecoins.
According to RWA.xyz data, the tokenization of real-world assets (RWA) is still in its early stages; however, the on-chain value of RWA has nearly doubled since the beginning of this year, reaching a record $28.4 billion this week.
Of this, over half is tokenized private credit, and just over a quarter is tokenized U.S. Treasury bonds. Ethereum (ETH) remains the dominant blockchain for RWA tokenization, holding a market share of 57%.
Related: Gemini launches derivatives and Ethereum (ETH) and Solana (SOL) staking services in Europe
Original article: “Ant Digital reportedly puts $8 billion energy assets on the blockchain”
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