Chinese firms launch first real-world asset issuance in solar industry, raising $28.4M through blockchain.
GCL Energy Technology and Ant Digital Technologies have launched China's first Real World Asset (RWA) issuance in the photovoltaic industry, raising 200 million yuan in cross-border financing. The project tokenizes two solar power plants, totaling 82 MW, in Hunan and Hubei. This initiative sets a new financing model for green projects and enhances transparency and efficiency using blockchain and smart contract technologies.
3 months ago
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