News

Staff Reporter

, Hong Kong

Published:

8 months ago

277 views

Photo from press release.

Towngas, Ant Digital sign $100m real-world asset tokenisation project

The RWA tokenisation will be used for Towngas’ telecom arm.

The Hong Kong and China Gas Company Limited (Towngas) completed its first real-world asset (RWA) tokenisation project with Ant Digital Technologies, a $100m credit facility as the underlying asset for its subsidiary Towngas Telecom (TGT).

TGT operates data centres and fixed network services.

The $100m credit facility for TGT will be utilised to develop artificial intelligence (AI) data centres, AI Internet of Things solutions, and cross-border infrastructure projects, Towngas said.

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

Towngas and Ant Digital signed this partnership during Hong Kong FinTech Week 2025.

Follow the link s for more news on

Ant Group

The Hong Kong and China Gas Company (Towngas)

Top News

China's hotpot chain Banu takes first international step in Hong Kong

The restaurant is scheduled to open in mid-November at Hysan Place in Causeway Bay.

17 hours ago

Allianz buys HSBC Life Singapore for $2.1b

The agreement includes a 15 year exclusive bancassurance partnership through HSBC.

Insurance

17 hours ago

North Point redevelopment site offered for private sale

The vacant property can be developed for residential, office, commercial, or hotel use.

Commercial Property

17 hours ago

Kowloon City elderly care site launched for tender

The approved redevelopment scheme could provide 141 beds across an 11-storey care home.

Commercial Property

17 hours ago

Exclusives

Hong Kong widens cross-border driving scheme to boost visitor spending

Economists say longer stays matter more than higher arrival numbers.

Transport & Logistics

The Landmark reopens with wine, wellness, and wider appeal

Its 109 rooms and suites have been refurbished with lighter timber flooring.

Hotels & Tourism

Singapore, Hong Kong take rival paths to capture global gold trade

One builds MAS-backed vaulting for central banks, the other opens a pipeline to Shanghai.

HKIC told to set clearer property investment rules

Core office vacancy could fall below 6% by 2030.

Commercial Property

Event News

Co-Written / Partner EY’s David Chen: Demand for better digital experiences fuels new wave of transformation in Hong Kong

For him, the success of these transformation strategies depends on enriching customer experience, improving efficiency, and enhancing employee satisfaction.