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Ant Digital Technologies, a unit of Ant Group, is linking over 60 billion yuan (US$8.4 billion) of energy and power assets in China to its blockchain platform, AntChain, according to sources familiar with the matter.

The company tracks data from about 15 million new energy devices, such as wind turbines and solar panels, and uploads it to AntChain.

It has started issuing tokens tied to these assets and has completed financing for three clean energy projects, raising around 300 million yuan (US$42 million) in total.

Plans to put these tokens on offshore exchanges are under review and depend on regulatory approval.

Source: Tech In Asia 

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