Ant Group and Xiexin Energy Technology have reached a cooperation to implement over 200 million yuan in photovoltaic asset RWA

ChainCatcher news, according to Sina Finance, Ant Group's financial technology arm has collaborated with green energy service provider GCL-Poly to complete RWA (Real World Assets) based on photovoltaic physical assets, involving an amount exceeding 200 million RMB.

It is reported that this is the first domestic photovoltaic physical asset RWA. A relevant person in charge of Ant Group stated that blockchain and smart contract technology can enhance the transparency of asset operation, management, disposal, and trading, improve asset trading efficiency, and reduce transaction costs.