Victory Securities (Stock Code: 8540) announced a successful collaboration with Eagle Travel of Eagoal New Energy Group, Ant Digital Technologies, Conflux Network, and VDX  to create the world’s first RWA (Real World Assets) project based on battery swapping physical assets. This project aims to promote the tokenization of assets in the new energy industry through blockchain technology and Web 3.0 innovations, injecting new development momentum into the sector.

With the national push for the new energy industry and a dual carbon economy, the electric vehicle battery swap industry is experiencing unprecedented development opportunities. While the industry is witnessing explosive growth, new energy companies generally face the challenges of heavy assets, long cycles, and high leverage. Under Hong Kong's compliant virtual asset environment, Victory Securities can provide compliant innovative financial solutions for various industries. As a bridge connecting virtual and physical assets, RWAs allow companies to leverage blockchain technology to bring physical assets into emerging investment fields. Eagle Travel has successfully completed the RWA based on battery swap physical assets and has appointed Victory Securities as the manager of the RWA product.

Ant Digital Technologies, a member of the Project Ensemble Sandbox promoting tokenization applications, has partnered with Conflux Network and VDX to provide technical support for the project and has introduced the AW3 family office as an ecological partner. This is reportedly the world’s first RWA based on battery swap physical assets, facilitating efficient connections between China’s green assets and overseas funds, and providing a replicable innovative model for the new energy industry and broader physical economy.

The project will use Eagle Travel's nationwide battery swapping stations and lithium batteries as the anchored RWA assets. By combining blockchain and Internet of Things (IoT) technologies, the project's value, operations, and revenue data will be packaged and stored on the blockchain, forming digital tokens. This approach not only revitalizes existing assets and accelerates capital recovery but also enhances the liquidity and trading transparency of battery swapping assets.

With its rich experience in virtual assets and capital markets, Victory Securities provides comprehensive support for the project, ensuring efficient and compliant asset tokenization. Mr. Kennix, Deputy CEO and Executive Director of Victory Securities, stated: "This successful creation of the world’s first battery swap physical asset RWA project in collaboration with Eagoal New Energy Group and numerous partners represents not only a deep integration of the new energy industry and virtual assets but also an important step in promoting the tokenization of green assets, opening up limitless possibilities for the industry. We believe that through the RWA model, we can inject more innovative momentum into the new energy sector while creating new value growth points in green assets for investors, further promoting Hong Kong as a global virtual asset center."

With the launch of the world’s first battery swap physical asset RWA project, not only does it inject new vitality into the new energy industry, but it also sets a benchmark for the global development of green asset tokenization. In the future, we look forward to the sequential launch of retail money market funds and tokenized ESG assets, gradually opening up secondary market trading for related products, as well as 24/7 trading and settlement to further advance Hong Kong's new financial ecosystem.