GCL Energy and Ant Digital Partner on Photovoltaic RWA Tokenization

GCL Energy Technology and Ant Digital Technologies announced a strategic partnership on Monday, seeking to develop blockchain-based real-world asset (RWA) tokenization for residential photovoltaic assets in Hubei and Hunan provinces, China.

GCL Energy Technology Co Ltd has completed the first Real World Asset Tokenization (#RWA) issuance in China's photovoltaic industry with #AntDigitalTechnologies, securing 200 million yuan ($27.4 million) in cross-border financing. #ChineseEnterprises https://t.co/vwuwHCYh54 pic.twitter.com/zluBgksgbp

— Enterprising China (@sinoprise) December 24, 2024

A recent post from GCL Energy Technology reveals that the partnership will employ blockchain to enhance transparency in managing residential photovoltaic assets while linking green energy projects to global financial markets.

RWA Tokenization for $27 Million Green Energy Project

Valued at over $27 million (200 million CNY), the residential photovoltaic assets involved in this collaboration will be securely recorded on a blockchain.

This system intends to improve transparency in both operations and revenue tracking while anchoring the partnership’s efforts in Hubei and Hunan provinces.

Ant Digital Technologies will contribute its expertise in blockchain and IoT systems, ensuring that asset data is integrated into a secure and efficient platform.

By leveraging blockchain technology, the initiative enhances the management of distributed photovoltaic systems, providing detailed insights into energy production and utilization.

Additionally, the partnership includes plans for the co-development and acquisition of more green energy assets to support sustainable energy growth.

The project also explores securitization methods to attract broader financial participation in renewable energy initiatives.

Through RWA tokenization, the collaboration presents a dynamic approach to integrating green energy projects into global markets while ensuring operational efficiency and transparency.

Ant Digital and Sui Blockchain Collaborate on ESG-Compliant RWA Tokenization

In addition to their partnership with GCL Energy, Ant Digital Technologies has expanded its blockchain ventures by collaborating with the Sui network for ESG-compliant RWA tokenization.

🤝 @SuiNetwork has announced a partnership with Ant Digital to tokenize RWAs with a focus on environmental, social, and governance (ESG) assets.#Sui #Tokenizationhttps://t.co/00Zfy0vJEo

— Cryptonews.com (@cryptonews) December 14, 2024

This initiative introduces ESG-aligned RWAs to the blockchain for the first time on the Sui network, with tokenized assets referred to as “notes.”

These notes will be backed by an international manufacturer of solar materials and a prominent new energy group, ensuring alignment with environmental, social, and governance standards.

The Sui Foundation, serving as an anchor investor, supports this initiative, further bridging blockchain technology and industrial applications.

Cobe Zhang, Head of Web3 Product at Ant Digital Technologies, noted, “Looking ahead, we hope to continuously provide various advanced technical services to more RWA projects, especially in the new energy sector.”