Conflux Network Partners with Ant Digital Technologies to Accelerate RWA Adoption in China

This collaboration enhances financing access by bringing global liquidity to Hong Kong and mainland China.

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Conflux Network has partnered with Ant Digital Technologies to accelerate the adoption of tokenized real-world assets (RWA) in China.

This collaboration will also facilitate financing access by bringing global liquidity to Hong Kong and mainland China.

The partnership between Conflux Network and Ant Digital Technologies was announced on Thursday. The partnership will focus on integrating Conflux’s blockchain technology with Ant’s financial products and services to facilitate the tokenization and trading of RWA.

The partnership aims to introduce advanced blockchain technology to broader financial use cases. Together, the companies will combine strengths in various domains. Ant boasts expertise in financial services like consumer finance, wealth management, and institutional asset management.

Conflux will contribute its high-performance blockchain, efficient smart contracts, and experience in tokenizing RWA into various categories.

In March, Conflux joined China’s first renewable energy battery-swapping RWA project in Hong Kong with multiple parties. The project is supported by the Hong Kong government and aims to promote the interconnection of the Web3 and greater bay area ecosystems.

It will also see the use of blockchain technology to ensure the secure and transparent digitization of physical assets.

According to CCW, the RWA market is rapidly expanding. It grew by 80% in 2024 to $15.3 billion. The market is expected to reach $50 billion in 2025.

Conflux is aiming to expand the categories of RWA, integrate DeFi models, and support Hong Kong’s asset management industry in launching more innovative asset management products and services.

The partnership between Conflux and Ant is part of a broader trend towards increasing interest in RWA in China. The government has been supportive of the development of the industry.

In May, China’s banking regulator issued guidelines for commercial banks to participate in the tokenization of RWA. The move is part of the broader efforts to integrate blockchain technology into the existing financial system.

Conflux Network (CFX) is a public, permissionless blockchain that aims to provide high-performance, scalable, and secure infrastructure for decentralized applications (DApps) and digital assets. It leverages a unique consensus protocol called Tree-Graph, which is designed to achieve high throughput and security while being highly decentralized and without forking. The native token of the Conflux Network is Conflux (CFX). It serves multiple purposes within the network including as the medium of exchange to pay for transactions and computational services, as a staking token for network consensus, and for governance votes.