Ant Digital Technologies Tokenizes $8.4 Billion in Energy Infrastructure on its Blockchain

Ant Digital Technologies, a unit of the Jack Ma-owned Ant Group, has tokenized over $8.4 billion worth of energy infrastructure assets on its own blockchain network. According to Bloomberg sources familiar with the matter, the unit is currently processing 60 billion yuan ($8.4 billion) in power infrastructure through AntChain. This follows their monitoring of over 15 million new energy devices (solar panels and wind turbines) across China, uploading this data to the blockchain. Ant Digital Technologies will now issue tokens linked to these assets as part of its plan for further expansion.