Innovation is always the core driver of our continued growth. Today, Towngas is proudly advancing digital asset innovation through our first real-world asset tokenization project with Ant Digital Technologies and Chong Hing Bank Limited.

Through the RWA tokenization of loan information, key financial and operational data will be uploaded onto the blockchain in real time for verification and reference by authorised institutions.

Towngas is using a HK$100 million credit facility as the underlying asset for its subsidiary Towngas Telecom (TGT), to develop artificial intelligence (AI) data centres, AI Internet of Things solutions, and cross-border infrastructure projects.

Chong Hing Bank provided the credit facility, while Ant Digital Technologies’ Jovay Layer2 platform offers blockchain support to ensure the security and reliable circulation of tokenized information.

This RWA tokenization project lays the foundation for enhancing our capital allocation efficiency and provides an innovative financing channel for business expansion.

Towngas looks forward to adopting new financing and circulation channels for infrastructure assets that will be enabled by digital asset innovation, including RWA tokenization.