Hong Kong and China Gas Company (00003.HK) has successfully completed a real-world asset (RWA) tokenization project, according to a report by aastocks. The project involves tokenizing a HKD 100 million credit line from its subsidiary "Towngas Telecom" as the underlying asset. Chong Hing Bank provided the credit, while Ant Group's Jovay Layer2 offered blockchain support. The company stated that by tokenizing loan information, key financial and operational data can be uploaded to the blockchain in real-time for verification by authorized entities, enhancing asset transparency and financing efficiency.
Hong Kong and China Gas Completes Tokenization of Real-World Assets
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