Ant Digital plans to tokenize over $8 billion in energy assets: Bloomberg
Quick Take
- Ant Digital is seeking to put $8.4 billion worth of energy and other real-world assets onchain, Bloomberg reported.
- Ant has helped three projects raise roughly $42 million through RWA tokenization, according to the report.
Ant Digital Technologies, the blockchain arm of fintech giant Ant Group, is advancing efforts to bring over 60 billion yuan ($8.4 billion) worth of energy assets onchain, according to a Bloomberg report.
Bloomberg reported Tuesday, citing sources familiar with the matter, that the Ant Group unit has been tracking power output and monitoring potential outages across some 15 million new energy devices in China, including wind turbines and solar panels. This operational data has been moved onto AntChain, the company's blockchain.
The initiative has already moved beyond the planning phase, with Ant completing financing for three clean energy projects through tokenization, raising roughly 300 million yuan ($42 million) in total for the operating companies, according to the report.
Ant is exploring ways to boost liquidity for real-world assets by issuing tokens on offshore decentralized exchanges as part of its future expansion, the sources told Bloomberg. The company's plans remain tentative, however, as they hinge on regulatory clearance.
The Block has reached out to Ant Digital for further comment.
Ant Group has been actively exploring ways to expand its blockchain application. In December 2024, green energy service provider GCL Energy completed its RWA project based on photovoltaic assets involving over 200 million yuan ($28 million), with technical support from Ant Digital.
Ant Digital has also joined a sandbox led by the Hong Kong Monetary Authority to explore RWA tokenization.
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