Ant Chain unveils its “Two Chains and One Bridge” platform for RWA business

On October 29th, according to official sources, AntChain, a subsidiary of Ant Group, publicly announced its "Two Chains and One Bridge" platform for RWA business in Hong Kong fintech, aiming to help more mainland new energy assets go to Hong Kong RWA and achieve technological empowerment of physical assets. Zhang Chenguang, the product manager of Ant Group's Web3 business, explained that "Two Chains and One Bridge" specifically refers to "asset chain", "transaction chain" and "AntChain trusted cross-chain bridge". The "asset chain" is applied in mainland China, enabling the digitalization and standardization of enterprise physical assets, thereby transforming them into tradable financial products. The "transaction chain" focuses on tokenizing funds, especially funds from traditional financial institutions, and realizing efficient circulation and transaction of funds through blockchain technology.