According to multiple people familiar with the matter, Ant Digits issued the country's first new energy physical asset RWA in Hong Kong, with UBS as the underwriter, only in the primary market.
One of the insiders happened to be my friend~
How does this encryption project work?
The real project party is the listed company Langxin Group, whose main business is new energy vehicle charging.
As the operator and service provider of the new energy digital platform, New Electric, a subsidiary of Langxin, uses some of the charging piles operated on the platform as RWA anchor assets, and issues "charging pile" digital assets on the blockchain based on trusted data. Each digital asset represents part of the income rights of the corresponding charging pile.
To put it simply, the charging pile project will issue coins, and it is not yet certain how many charging piles each token represents.
Ant Chain, a subsidiary of Ant Digits, provides technical support to ensure the security, transparency and immutability of data on the asset chain.
In other words, Ant is responsible for ensuring that every penny earned by these charging piles can be clearly traced and where it was spent, thus preventing problems such as the project party running away or the accounts being unclear.
Then UBS was responsible for selling these charging pile tokens, and this time they sold about 110 million yuan.
Finally, Langxin Group used this money to install charging piles in the country.
The money earned will be given to the investors who bought the coins in the first place.
This model has been tried in the traditional financial scenario by Drip Irrigation, led by former Hong Kong Exchanges and Clearing Limited Chairman Li Xiaojia.
However, DripGuard’s understanding of merchants and control over cash flow are definitely not as good as Ant’s.
Therefore, Lao Wang is still full of expectations for the blockchain solution to solve the charging pile business~
It is possible that this will be the main model for China to open up its crypto industry in the future.
In order to ensure the safety of domestic investors, it is difficult to open up domestic investment in cryptocurrencies.
However, packaging domestic assets and placing them in Hong Kong to attract foreign investors is a great thing that benefits both the country and the people.
In theory, this is the same as domestic companies listing overseas.
It’s just that all small and medium-sized merchants that support online payments now have the opportunity to raise funds overseas!
