IoTeX partners with Nasdaq-listed company U Power to promote the on-chain tokenization of charging facilities

ChainCatcher news, according to official sources, IoTeX announced a partnership with Nasdaq-listed electric vehicle company U Power ($UCAR) to integrate its battery swapping and charging infrastructure into the blockchain network, achieving tokenization of real-world assets (RWA).

The collaboration aims to optimize energy facility management processes through on-chain technology and explore pathways for the digital value release of physical assets.