Sui blockchain has partnered with Ant Digital on tokenized ESG assets.
Layer-1 blockchain Sui and China's Ant Digital work together to simulate real-world assets. They plan to focus on assets in the environmental, social and governance (ESG) space.
China's solar asset token
The assets, which the partners call “notes,” will mark the first time the Chinese solar materials maker, ranked in the Fortune China Top 500, will be listed on the exchange. The manufacturer was not mentioned in the statement given to Cointelegraph. Kobe Zhang, Head of Web3 Product at Ant Digital Technologies, said:
“We hope to continue to provide a variety of advanced technical services for more RWA projects, especially in the new energy sector, and our technology will better support the growth of the real economy.”
Ant Digital is the technology arm of Ant Group, operator of payment network giant Alipay. Ant Digital went independent in April.
ZAN is an Ant Digital brand that provides plug-and-play tools powered by AntChain Open Labs TrustBase, an open source technical stack. Introduced in September 2023, it is designed to mine and manage tokenized real-world assets. The product line includes Know Your Customer and Anti-Money Laundering solutions.
ZAN merged with Sui's original contributor Myston Labs in August as a remote procedure call (RPC) node operator. RPC allows a user to connect to a server on a different network.
On December 11th, Sui announced that it will merge with Backpack Exchange and acquire the non-holstery backpack. In November, investment firm VanEck introduced Sui's financial product, following a similar move by Grayscale in August. The total value of the Sui network is locked in at nearly $2 billion.
Related: Sui is growing with great developer experience – Router CEO
Reconstruction financing is expanding.
Web3 ESG, green and sustainable projects are collectively referred to as regenerative finance (ReFi). China has already shown interest in green finance, particularly through the People's Bank of China and Singapore's Monetary Authority of China-Singapore Green Finance Task Force.
Source: Zan
The Hong Kong government has issued 800 million Hong Kong dollars (about $100 million) in tokenized green bonds as part of its green bond program.
Energy finance company Powerdime has a renewable energy trading platform on the Layer-1 Chintai blockchain. The platform features mock virtual wind and solar power purchase agreements.
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