GCL Energy Technology and Ant Digital Technologies Launch First Blockchain-Based RWA Project in Photovoltaic Industry

GCL Energy, Ant Digital raise CNY 200 million by tokenizing solar assets in China

GCL Energy Technology and Ant Digital Technologies have raised CNY 200 million ($27.4 million) by tokenizing solar assets in a bid to pioneer blockchain-based financing in renewable energy.GCL Energy Technology, in partnership with Ant Digital Technologies, has launched China’s first blockchain-based real world asset (RWA) issuance in the PV sector, raising CNY 200 million in cross-border financing. The companies said the initiative, which was a…

GCL Energy Technology and Ant Digital Technologies Launch First Blockchain-Based RWA Project in Photovoltaic Industry - CryptoCurrencyNews

SUZHOU, China, Dec. 23, 2024 /PRNewswire/ — GCL Energy Technology Co., Ltd., a leader in the clean energy sector, and Ant Digital Technologies, a pioneer in digital technology services and blockchain technology, have achieved a significant milestone by successfully completing the first-ever Real World Asset Tokenization (RWA) issuance in China’s photovoltaic industry, securing 200 million yuan in cross-border financing. The groundbreaking initia…

As part of the energy matrix change that drives the country, four photovoltaic solar parks with generating capacity of 21.8 megawatts each are built in the province of Granma.

GCL Energy Technology and Ant Digital Technologies Launch First Blockchain-Based RWA Project in Photovoltaic Industry

SUZHOU, China, Dec. 23, 2024 /PRNewswire/ — GCL Energy Technology Co., Ltd., a leader in the clean energy sector, and Ant Digital Technologies, a pioneer in digital technology services and blockchain technology, have achieved a significant milestone by successfully completing the first-ever Real World Asset Tokenization (RWA) issuance in China’s photovoltaic industry, securing 200 million yuan in cross-border financing. The groundbreaking initia…