Ant Group CEO Han Xinyi discusses the token economy strategy for the first time: no issuing tokens, no speculation, empowering the real economy with RWA.

At the Bund Conference in 2025, Ant Group CEO Han Xinyi elaborated on the company's highly prudent stance in the field of token economy. He emphasized that Ant Group will resolutely not issue virtual money or participate in any form of speculation, but will instead focus on addressing the practical pain points of the real economy through technological infrastructure and tokenization practices such as RWA (Real World Assets), placing compliance and risk management at the forefront of innovation.

Core Strategy: No Coin Issuance, No Speculation, Compliance First

At the forum titled “Token Economy”, Han Xinyi pointed out clearly that equal emphasis should be placed on exploring tokenization value and preventing risks. He emphasized that compliance is the lifeline of innovation. From the very beginning, Ant Group has defined clear boundaries for itself: “We firmly do not issue virtual money and do not participate in any form of speculation; we focus on technology infrastructure, serving the industry rather than disrupting it.”

Han Xinyi believes that in exploring the path of tokenization, the exploration of the economic value of tokens and the prevention and control of risks should be placed on equal footing. He emphasizes that “compliance is the lifeline of innovation.”

He added that the token economy is still in the early stages of development and requires careful exploration. Ant Group will not blindly pursue innovation, but is committed to creating long-term value, prioritizing stability, and ensuring that blockchain technology can be sustainably integrated into China's real economy.

The Value of Token Economy: Solving Pain Points in the Real Economy

Han Xinyi believes that the value of a Token should not be limited to trading or value storage, but should empower real industries to solve practical challenges such as trust, efficiency, and cost management. He pointed out that the global Web3 native asset scale has exceeded 3.8 trillion dollars, but its interaction with the physical economy remains limited.

He emphasized that tokenization and token-based payments are key drivers connecting the digital economy with the physical economy, providing an efficient value flow infrastructure for the real industry. Currently, the application of tokenization has surpassed the financial sector and expanded into emerging fields such as renewable energy and computing power.

Ant Group's RWA Practices and Technical Layout

Han Xinyi's speech was confirmed by the actual actions of Ant Group.

• Energy Asset Tokenization: Ant Digital Technology is actively promoting a large-scale RWA plan aimed at bringing its $8.4 billion energy assets (including wind turbines and solar panels) on-chain. The plan has successfully financed three clean energy projects with 300 million yuan (approximately $42 million) through tokenization, aiming to provide new and efficient channels for infrastructure financing.
• Technological Innovation: In addition to RWA practices, Ant Group is also making forward-looking arrangements at the technological level. Ant Digital recently launched the next-generation Layer2 blockchain Jovay, which natively supports its innovative “Agentic Contract” designed to upgrade blockchain contracts from “automation” to “autonomy”, enabling AI-based intelligent decision-making.
• Compliance Exploration: Ant Group continues to explore compliance pathways in the regulatory sandbox, such as participating in the Hong Kong Monetary Authority (HKMA)'s “Project Ensemble” initiative and collaborating with traditional financial institutions like HSBC to successfully test tokenization-based deposit services.

Conclusion

Ant Group's tokenization strategy represents a unique model that is distinctly different from the Western path of decentralized and speculative-oriented Web3 development. It prioritizes alignment with national goals, focusing on improving industry efficiency and verifiable value. This model is driven by a tech giant with a large ecosystem, providing a unique and powerful blueprint for the future development of the token economy, especially in heavily regulated markets.