IoTeX Partners with Nasdaq-Listed U Power to Advance On-Chain Tokenization of Charging Infrastructure

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

This collaboration aims to optimize the management processes of energy infrastructure through on-chain technology and explore new pathways for unlocking the digital value of physical assets.