Against the backdrop of the national push for the new energy industry and the 'dual carbon' economy, consumer demand for economical, safe, and convenient travel methods has surged. The tens of millions of consumers and frequently occurring charging safety issues have brought unprecedented development opportunities for the low-speed electric vehicle battery swapping industry. Moreover, this opportunity arises not only from the explosion of market demand but also benefits from the deep integration of product innovation and financial models.
On March 18, Xunying Group's subsidiary Xunying Travel completed RWA (Real World Assets) based on battery swapping physical assets, involving an amount of tens of millions of Hong Kong dollars. The project issues an RWA fund product managed by Hong Kong Victory Securities (stock code: 8540.HK). Ant Group, Shutu Blockchain (Conflux Network), and Hong Kong Victory Digital Technology (VDX) provide technical support together, while the AW3 family office participates as an ecological partner.
It is reported that this is the world's first RWA for battery swapping physical assets. Through asset tokenization, it facilitates the efficient connection between China's green assets and overseas funds, realizing the empowerment of digital technology for the real industry and providing a replicable innovative model for the new energy industry and even broader real economy fields.
The Hong Kong Monetary Authority (HKMA) launched the Ensemble project sandbox in 2024 to explore use cases for different tokenized assets, among which 'green and sustainable finance' is one of the main directions. Ant Group, as a participant in the Ensemble project, is conducting RWA innovative practices for various new energy assets such as photovoltaics, charging piles, and energy batteries. With the successive launch of tokenized products for retail money market funds and ESG assets in the Hong Kong market, the industry anticipates that Hong Kong will gradually open up the secondary market trading of related products, implement digital currencies such as tokenized deposits to achieve '7x24' hour interbank trading and settlement, further activating Hong Kong's tokenization ecosystem.
New energy companies generally face the pain points of heavy assets, long cycles, and high leverage. The introduction of the RWA model creates a brand new solution for the industry. By tokenizing physical assets, Xunying Travel has opened a new path for high-quality development in the low-speed electric vehicle industry. This time, Xunying Travel will use battery swapping cabinets and lithium batteries located nationwide as RWA anchor assets, integrating blockchain technology and IoT (Internet of Things) technology to package and store the value, operation, revenue, and other data of the battery swapping project on the blockchain, forming digital tokens. This not only revitalizes existing assets and accelerates capital recovery but also has far-reaching significance for enhancing the liquidity and transaction transparency of battery swapping assets and promoting high-quality sustainable economic development.
According to relevant personnel from Xunying Group, the company anchors the battery swapping track as a new quality productivity high ground, reconstructing the industrial value chain through the digital revolution. By leveraging technologies such as blockchain and big data, a new ecosystem of production and finance integration is built to unleash the potential of battery swapping physical assets with the RWA model. This not only establishes a traceable and verifiable green investment channel for international capital but also forms breakthroughs in three dimensions: technological conquest, model innovation, and global resource integration, driving the low-speed electric vehicle industry to transition into a technology-intensive and capital-friendly industry.
Industry insiders point out that Xunying's RWA project based on battery swapping assets fully releases the value of the assets themselves. This innovative practice, which penetrates asset value through technology and empowers industrial upgrading through finance, not only opens up a new path for high-quality development in the low-speed electric vehicle industry but also sets a benchmark paradigm for the tokenization of green assets, providing investors with new value growth points.