Jack Ma's Ant Digital Taps Blockchain to Tokenize $8.4B in China’s Energy Assets
Ant Digital Technologies, associated with Jack Ma, has linked over $8.4 billion in Chinese energy assets to its blockchain platform, AntChain. This initiative focuses on tracking real-time data from 15 million renewable energy devices, including wind turbines and solar panels. The firm successfully raised approximately 300 million yuan (around $42 million) for three clean energy projects through tokenized asset financing. Experts predict that initial adoption will primarily interest institutional investors, as energy infrastructure tokenization generally appeals to alternative investment sectors. Plans are in progress for potential offshore listings of tokens to bolster liquidity, though these will depend on regulatory approvals. The framework includes leveraging Internet of Things (IoT) devices for continuous data updates, thus providing transparency and reliability in tracking energy production and asset health. Each token will represent a stake in the asset's cash flows, which will be distributed to token holders as energy is sold. This tokenization approach aims to enhance efficiency in energy project management and investment tracking.
Source 🔗