Chinese Giant Ant Group Makes $8 Billion Move in Cryptocurrency Sector - Bitcoin Sistemi

Ant Digital, a subsidiary of Jack Ma's Ant Group, is making significant moves in blockchain technology despite China's cryptocurrency restrictions, according to Bloomberg reports.

The company has connected energy infrastructure assets worth 60 billion yuan ($8.4 billion) to its AntChain blockchain platform, planning to tokenize renewable energy assets for trading on overseas decentralized exchanges. This initiative involves operational data from over 15 million pieces of renewable energy equipment, including wind turbines and solar panels, representing a major step toward blockchain adoption in China's energy sector.

• Ant Digital has already raised $42.1 million through tokenization of three renewable energy projects
• The company plans to issue tokens tied to energy assets for trading on international decentralized exchanges
• Over 15 million renewable energy devices are being connected to the AntChain blockchain infrastructure
• This move demonstrates growing blockchain adoption in China's energy sector despite cryptocurrency restrictions