The Hong Kong Monetary Authority announced two RWA practices of Ant Chain

Today, the Hong Kong Monetary Authority announced the progress of the first phase of the Ensemble Project (Sandbox) and introduced four major tokenization theme cases in detail.

In the Ensemble Project, Ant Financial assisted the HKMA in building a tokenized asset platform in the Sandbox, which provides asset tokenization services and promotes delivery-versus-payment (DvP) transactions of traditional assets and tokenized deposits, that is, the two parties to the transaction deliver assets and funds almost simultaneously, and support peer and cross-bank transactions at the same time.

Photo: Ant Digits CEO Zhao Wenbiao (second from left) attended the Hong Kong Monetary Authority's press conference

During this cooperation, we were deeply involved in two cases, as follows:

1. "Green and Sustainable Finance" Theme Case

Through Ant Chain's blockchain and AIoT (artificial intelligence + Internet of Things) technology, the operating status of physical assets can be recorded in real time and the data can be securely uploaded to the blockchain. This technology not only improves the asset valuation of enterprises, but also enables all participants to assess asset value and collaboratively manage risks, ultimately improving the financing efficiency and accessibility of enterprises.

With the support of Ant Digits and HKMA's Ensemble project, New Electric, a subsidiary of Langxin Technology, a mainland-listed new energy company, as the operator and service provider of the new energy digital platform, used some of the charging piles operated on the platform as RWA anchor assets and successfully obtained the first RWA (Real World Assets-tokenization) cross-border financing in Hong Kong. This financing will be used for energy storage and charging pile industries in the new energy field.

 2. "Trade and Supply Chain Finance" Theme Case

Through the tokenized asset platform built by Ant Digits, the Global Shipping Business Network (GSBN) issued an electronic bill of lading (eBL). In the process, HSBC, Hang Seng Bank and Bank of China (Hong Kong) facilitated the transfer of electronic bills of lading using tokenized deposits to settle.

Ant Digits CEO Zhao Wenbiao attended the launch event of the Hong Kong Monetary Authority. He said:

Ant Digits is very honored to be one of the first participants in the Ensemble project and provide technology and solutions for it. With the support of the Hong Kong Monetary Authority, Ant Digits can participate in various innovative projects and apply the digital technologies accumulated over the years. In the future, we will also jointly launch a variety of RWA projects with more partners to provide technical support for high-quality projects in China and around the world, especially new energy physical projects, to help them obtain more development opportunities. We also welcome willing partners to explore the support of new technologies for the real economy.