Bitcoin

Green

Layer-1 blockchain Sui and China’s Ant Digital will work together to tokenize real-world assets. They plan to concentrate on assets in the environmental, social and governance (ESG) space.
<h2 id="tokenizing-chinese-solar-assets">Tokenizing Chinese solar assets</h2>
Assets, which the partners are calling “notes,” of a Chinese solar material manufacturer ranked in the Fortune China Top 500 will be the first to be listed on the exchange. The manufacturer was not named in a statement provided to Cointelegraph. Cobe Zhang, head of Web3 product at Ant Digital Technologies, said:
<blockquote>
 “We hope to continuously provide various advanced technical services to more RWA projects, especially in the new energy sector, and our technology can better support the development of the real economy.”
</blockquote>
Ant Digital is the technology arm of Ant Group, operator of the massive Alipay payment network. Ant Digital began independent operation in April.
ZAN is an Ant Digital brand that <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/ant-group-launches-new-blockchain-brand-web3-developers" rel="null" target="null" text="null" title="null">offers a suite of plug-and-play</a> tools powered by&nbsp;the AntChain Open Labs TrustBase open-source technical stack. It was introduced in September 2023 and was designed for the issuance and management of tokenized real-world assets. Its product line includes solutions for Know Your Customer and Anti-Money Laundering.
ZAN <a data-ct-non-breakable="null" href="https://markets.businessinsider.com/news/currencies/zan-and-mysten-labs-partner-to-advance-web3-infrastructure-development-1033679012" rel="null" target="null" text="null" title="null">integrated</a> with <a data-ct-non-breakable="null" href="https://cointelegraph.com/explained/sui-blockchain-explained-is-it-the-future-of-decentralized-networks" rel="null" target="null" text="null" title="null">Sui's original contributor Mysten Labs</a> in August as a Remote Procedure Call (RPC) node operator. RPC allows a user to communicate with a server on a different network.
On Dec. 11, Sui <a data-ct-non-breakable="null" href="https://x.com/SuiNetwork/status/1866847592287756460" rel="null" target="null" text="null" title="null">announced</a> that it would integrate with Backpack Exchange and have access to the non-custodial Backpack Wallet. In November, investment firm VanEck <a data-ct-non-breakable="null" href="https://blog.sui.io/vaneck-investor-product/" rel="null" target="null" text="null" title="null">introduced</a> a Sui financial product, <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/grayscale-bittensor-sui-trust-products-launch" rel="null" target="null" text="null" title="null">following a similar move by Grayscale</a> in August. The Sui network has close to $2 billion in total value locked.
Related: <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/sui-growing-great-developer-experience-router-ceo" rel="null" target="null" text="null" title="null">Sui&nbsp;is growing due to great developer experience — Router CEO</a>
<h2 id="regenerative-finance-is-spreading">Regenerative finance is spreading</h2>
Web3 ESG, green and sustainable projects are often referred to <a data-ct-non-breakable="null" href="https://cointelegraph.com/learn/articles/what-is-regenerative-finance-refi" rel="null" target="null" text="null" title="null">collectively as regenerative finance (ReFi)</a>. China has <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/china-and-singapore-team-up-to-scale-green-and-transition-financing" rel="null" target="null" text="null" title="null">shown interest in green finance</a> before, particularly in the People’s Bank of China and the Monetary Authority of Singapore’s China-Singapore Green Finance Taskforce.
<figure>
 <img alt="Sui blockchain partners with Ant Digital on tokenized ESG assets" src="https://s3.cointelegraph.com/uploads/2024-12/0193c1dd-66b1-7df8-b281-908baeee35cc" title="">
 <figcaption style="text-align: center;">
 Source: <a data-ct-non-breakable="null" href="https://x.com/zan_team/status/1867585260634206483" rel="nofollow noopener" target="_blank" text="null" title="https://x.com/zan_team/status/1867585260634206483">ZAN</a>
 </figcaption>
</figure>
The government of Hong Kong has issued 800 million Hong Kong dollars (around $100 million) in tokenized green bonds as part of its Green Bond Programme.&nbsp;
Energy finance company PowerDime <a data-ct-non-breakable="null" href="https://cointelegraph.com/news/power-dime-tokenize-250-m-renewable-energy-assets-chintai" rel="null" target="null" text="null" title="null">has a tokenized renewable energy</a> trading platform on the layer-1 Chintai blockchain.&nbsp;The platform features tokenized virtual wind and solar power purchase agreements.
Magazine:&nbsp;<a data-ct-non-breakable="null" href="https://cointelegraph.com/magazine/bitcoin-100k-china-microstrategy-coinbases-stablecoins-asia-express/" rel="null" target="null" text="null" title="null">‘China’s MicroStrategy’ Meitu sells all its Bitcoin and Ethereum: Asia Express</a>
&nbsp;

Sui blockchain partners with Ant Digital on tokenized ESG assets

Table of Contents

Cointelegraph

Other articles published on Dec 13, 2024

Crypto and Stocks Collide: 5 Investments for the 2025 Boom

AAVE Price Surge: Bullish Momentum and Key Resistance Ahead

Binance Lists AVA and DEGO Coin to Boost Market Activity

Join Lumoz zkVerifier Node Mining and Share 2.5 Billion MOZ Rewards

Top 5 Stablecoins to Invest in for 2025 as Altcoin Season Looms

Bull Run Alert — 3 Coins Under $0.10 That Could Transform $100 Into $50,000

Join our free newsletter for daily crypto updates!