Ant Digital Technologies, part of the Ant Group led by Jack Ma, is tokenizing over $8 billion worth of Chinese energy infrastructure on its AntChain blockchain. The initiative involves 60 billion yuan ($8.4 billion) of energy assets, utilizing data from 15 million energy devices, including wind turbines and solar panels, which are monitored for output and outages. So far, Ant Digital has successfully financed three clean energy projects using asset tokenization, raising a total of approximately 300 million yuan ($42 million). Future plans include issuing tokens linked to these assets and possibly listing them on decentralized offshore exchanges, pending regulatory approvals. Ant Group has previously raised funds for energy firms through this method and aims to further integrate stablecoins into its operations, working with Circle to incorporate USDC into its blockchain. Real-world asset tokenization is rapidly evolving, with on-chain value reaching a record high of $28.4 billion, primarily driven by tokenized private credit and US Treasurys.

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