Ant Group’s enterprise solutions arm, Ant Digital Technologies, is tokenizing over $8 billion of energy infrastructure on its blockchain. The company is monitoring power output from 15 million devices in China and has raised $42 million for clean energy projects using asset tokenization. Future plans include listing tokens on decentralized exchanges pending regulatory approval.

Ant Digital has previously raised funds for energy firms and connected assets to its AntChain blockchain. Real-world asset tokenization has almost doubled in on-chain value this year, reaching a record high of $28.4 billion. Over half of this total is tokenized private credit, with Ethereum dominating the market with a 57% share.

Read more at Cointelegraph: Ant Group Tokenizes $8.4B Chinese Energy Assets On Blockchain