Zuoan Xinhui launched the Malu Grape RWA project and completed a 10 million yuan equity financing

ChainCatcher news, according to Securities Daily, Left Bank Xinhui (Shanghai) Data Technology Co., Ltd. has launched the first RWA project in the agricultural sector, "Maluxiang RWA," while completing a 10 million yuan equity financing. This project is jointly promoted by the Shanghai Data Exchange and the Malu Town Economic Development Service Center, among others, aiming to explore innovative applications of data elements.

As the project operator, Left Bank Xinhui integrates agricultural products and their production data into project assets based on the SwiftLink management platform. Maluxiang, as a representative agricultural product brand in Shanghai, has a development history of over 40 years. This financing will be used for the construction of smart agricultural infrastructure, development of agricultural product traceability systems, and optimization of supply chain management.

The Shanghai Data Exchange stated that it will promote more enterprises to carry out innovative applications of data elements around scenarios such as smart agriculture, smart parks, and new energy infrastructure. This project is an important practice for developing new productive forces based on data elements in the agricultural sector, which is expected to enhance the competitiveness of characteristic industries and provide new momentum for agricultural modernization.