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Hong Kong's established enterprises go on-chain: China Gas secured a HKD 100 million "Blockchain loan" from the bank.
This wave is quite interesting—Hong Kong China Gas has just obtained a credit limit of 100 million HKD from Chuang Hing Bank, specifically for the RWA tokenization project. In simple terms, it means digitizing traditional assets and putting them on the blockchain.
The technical aspect is supported by Ant Financial's Jovay Layer 2 blockchain, and subsequent financial and operational data will be written to the chain in real time. This means that key indicators of the enterprise can now be verified instantly, achieving maximum transparency.
It seems that Hong Kong is serious about promoting the integration of traditional finance and Web3 – even blue-chip stocks in the Hong Kong stock market have started experimenting with RWAs.