China-based GCL Energy Technology and Ant Digital Technologies completed Real World Asset Tokenization (RWA) issuance securing 200 million yuan (27.40 million) in cross-border financing. The initiative tokenized two solar plants in Hunan and Hubei, with a combined capacity of 82 MW, using blockchain to enhance asset liquidity. The RWA project also digitized data from 3000 residential photovoltaic systems. A partnership agreement in Suzhou outlined plans for asset securitization, AI applications, and energy management optimization, further advancing renewable energy solutions.GCL Energy Technology is a part of GCL Group, which managed 5976.36 MW of installed capacity, with 57.81% from renewable sources as of September 2024.
GCL and Ant Digital finalize RWA for solar funding in China
RWA issuance was completed by GCL Energy Technology and Ant Digital Technologies in China, raising 200 million yuan for solar projects. More details here.
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