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New Energy SME Completes RWA Financing in Hong Kong with Technical Support from Ant Digital Technologies

By: Get News

Hong Kong - March 18, 2024 - Anhui Eagoal New Energy Group has successfully secured financing amounting to tens of millions of HKD based on its battery swap physical assets through Real World Assets (RWA) financing. This marks the world’s first RWA initiative leveraging tokenized battery-swapping assets, facilitated by blockchain and IoT technologies, to efficiently bridge Chinese green assets with global capital.

This pioneering project involves the issuance of an RWA fund product managed by Hong Kong Victory Securities (Stock Code: 8540.HK). Ant Digital Technologies, along with Conflux Network and VDX, provided essential technical support for this project, while AW3 Family Office joined as an ecological partner.

Anhui Eagoal New Energy Group is a group company integrating new energy research and development, manufacturing, operation, service and investment.

By embedding blockchain and IoT technologies to tokenize battery-swapping infrastructure, Eagoal New Energy Group has unlocked a scalable pathway for the low-speed electric vehicle industry. This breakthrough not only enhances asset liquidity and transparency but also accelerates capital financing for SMEs, thereby setting a replicable model for digitalizing green infrastructure in the broader real economy.

In 2023, Hong Kong Monetary Authority’s (HKMA) launched "Project Ensemble" to explore tokenized asset applications. As a key participant inthe Project Ensemble, Ant Digital Technologies has been advancing RWA pilots across solar, EV charging, and energy storage sectors.

About Anhui Eagoal New Energy Group Co., Ltd

Anhui Eagoal New Energy Group Co., Ltd. is a group company integrating new energy research and development, manufacturing, operation, service and investment. Since the establishment, Eagoal Group has closely aligned with the national new energy industry development strategy, adhered to the development concept of "Innovation-driven, technology first", improved the industrial layout, and actively built a complete industrial chain of "Material-Battery-Client-Recycling".

About Ant Digital Technologies

Ant Digital Technologies continues to promote the development and application of digital technologies, introducing leading products like ZOLOZ, mPaaS and ZAN based on its expertise in AI, privacy computing, and security technology. Revenue from Ant Digital Technologies' international business operation increased by 300% in 2023.

Media Contact
Company Name: Ant Ditgital Technologies
Contact Person: Zhumei Wang
Email: Send Email
Country: China
Website: https://intl.antdigital.com

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