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Jack Ma’s Ant Digital Unit To Tokenize $8.4 Billion In Energy Sector Assets
['Steven Walgenbach', 'Updated']
InsideBitcoins.com
Cryptocurrency markets are highly volatile, and investing in digital assets carries significant risk.
Join Our Telegram channel to stay up to date on breaking news coverageChina’s Ant Digital Technologies, a unit of the Jack Ma-owned Ant Group, is tokenizing over $8 billion worth of energy infrastructure on its own blockchain network.
Ant Digital Technologies Plans To Issue Tokens For Energy InfrastructureIt has already raised around 300 million yuan ($42 million) to finance three clean energy projects.
This is not the first move by the unit to tokenize energy assets.
RWA Sector Soars To Record High This WeekThe move by Ant Digital Technologies to tokenize energy assets and potentially issue tokens for them is part of a growing trend of tokenizing real-world assets (RWAs).
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