GCL plans to globally issue RWA tokens, further advancing green electricity trading

GCL Technology Holdings Limited plans to reach a strategic cooperation with China Pacific Asset Management Hong Kong for the global issuance of Real World Assets (RWA), which has driven the company's Hong Kong stock to rise more than 10% on Friday. With the official implementation of Hong Kong's stablecoin policy, GCL Technology's stock price has increased by over 50% in the past two months.

On Thursday, July 17th, GCL Technology Holdings Limited announced a voluntary announcement, stating that it has reached a strategic cooperation with China Pacific Asset Management Hong Kong to jointly explore and develop tokenization solutions for real-world assets (RWA), promoting the adoption of compliant digital asset products and services, including stablecoin application development and decentralized finance integration.

This cooperation will focus on building the RWA middle platform infrastructure, jointly developing the "RWA middle platform," and promoting the asset tokenization process, with assets including but not limited to low-carbon attribute granular silicon products, achieving on-chain representation and circulation of asset value.

Market analysts generally view this cooperation as a boost to the digital transformation of the energy industry. The latest report from Soochow Securities Research Institute points out that the integration of RWA with virtual power plants, electricity trading, and carbon trading will create significant industrial chain opportunities and is expected to reshape the investment and financing model of traditional energy assets.

The impact of this move on the energy sector may exceed expectations. Soochow Securities believes that as the "carbon neutrality" process accelerates, the green value of electricity is gradually becoming prominent, and the tokenization of energy assets will significantly enhance investment attractiveness while lowering the investment threshold for clean energy.

Tokenization of Energy Assets: Opening a New Model of "Shared Power Plants"

According to a previous article by Jiemian, RWA refers to the tokenization of real-world assets (such as real estate, accounts receivable, carbon quotas, power station revenue rights, etc.) through blockchain technology, enabling them to have the trading, splitting, and circulation capabilities of digital assets.

Institutions believe that real-world assets (RWA) are transforming traditional financial assets and physical assets (such as U.S. Treasury bonds, real estate, green energy) into on-chain digital tokens through blockchain technology, with stablecoins being the most successful RWA use case. A massive market expected to reach $16 trillion by 2030 is opening up.

The latest report from Soochow Securities Research Institute points out that virtual power plants can tokenize decentralized assets such as charging piles and rooftop photovoltaics through RWA technology, forming tradable "shared power plants." This model digitizes traditional energy assets through blockchain technology, allowing investors to participate in energy market investments with a lower threshold.

Taking GCL's project in Jiangsu as an example. According to the report, GCL aggregates 550MW of adjustable load in Jiangsu, accounting for 30% of the actual adjustable load scale in Jiangsu Province, attracting retail investors through RWA tokens. Token holders share electricity sales revenue and carbon trading revenue, enhancing investment attractiveness (cross-border RWA project case) The tokenization of photovoltaic power stations has more inclusive characteristics. According to the report, the future power generation revenue of photovoltaic power stations can be split into small tokens, with the investment threshold as low as 100 yuan, greatly reducing the barrier for ordinary investors to participate in clean energy investments, and is expected to attract a broader range of social capital into the renewable energy sector.

The acceleration of the "carbon neutrality" process highlights the green value of electricity

As the "carbon neutrality" process enters deeper waters, the green value of electricity is gradually coming to the forefront. The Dongxing Securities report points out that under the structure of wind-solar-fire power generation in Gansu, the capacity value of thermal power exceeds expectations, while the functional attributes of electricity have declined, reflecting that China's progress in "green electricity" and "carbon neutrality" may exceed market expectations.

Starting from 2026, Gansu Province will implement a capacity electricity price standard for coal-fired units and new energy storage on the grid side, temporarily set at 330 yuan per kilowatt per year, with a duration of 2 years. It is worth noting that this policy will achieve 100% recovery of fixed costs for capacity, exceeding the National Development and Reform Commission's expectation that "from 2026, the proportion of fixed cost recovery through capacity electricity prices in various regions will be raised to no less than 50%."

The exceeding of thermal power capacity value indicates that electricity price reform is entering the stage of green value reform. The report suggests paying attention to signals that promote green electricity use, such as "direct connection of green electricity," "zero-carbon parks," and "household photovoltaic aggregation participation in trading," which also provides a favorable environment for the integration of RWA and the energy industry