Conflux Network, a well-known platform that addresses scalability issues in the blockchains such as Ethereum and Bitcoin, has announced a new collaboration with Xunying Group and Ant Digital Technologies. The partnership aims to introduce China’s earliest RWA project using battery swapping technology to promote green energy. The platform took to its official social media account on X to reveal this development.
Conflux, Xunying Group, and Ant Digital Technologies Unveil China’s Earliest RWA Project
Conflux’s collaboration with Xunying Group and Ant Digital Technologies is a landmark development for RWA sector in China. Xunying Group operates as a well-known platform for energy solutions, battery production, and digital asset management. Additionally, Ant Digital Technologies serves as a leading firm devoted to blockchain, security technologies, and privacy computing. The partnership focuses on unveiling the earliest Chinese Real-World Asset (RWA) initiative utilizing battery-swapping infrastructure.
The respective project offers five hundred and ninety-six battery-swapping stations along with more than fifteen thousand lithium batteries on blockchain across 6 cities. The respective physical assets, which Xunying Group operates, currently have digital representation via tokenized real-world assets (RWAs). Additionally, they are integrated into diverse DeFi protocols.
Driving Borderless, Compliant, and Secure Digital Capital Ecosystem
According to Conflux, the infrastructure promises high-frequency utilization in urban areas, generating predictable and stable cash flows, including battery service and rental fees. In this respect, the infrastructure delivers an ideal model in terms of asset digitization. Overall, the partnership’s chief objective is to establish a borderless, secure, and compliant digital capital ecosystem engrossed in Physical real-world value.
