U Power Limited (Nasdaq: Ucar), a company that develops on AI-based solutions for modern energy and transport systems, has drawn a strategic partnership with blockchain platform IOTEX. The Agreement supports the plan of U Power to grow its EV-battery swapping technology, known as UOTTATM, and to expand its presence in the Web3 energy and transport space.
According to the agreement, Iotex buys RWA -Tokens published by Je Power. These tokens are supported by corporate bonds. The financing is expected to help strengthen the financial position of your power and support the continuous development of its core technologies.
Both companies are planning to work together on the tokenization of the RWAS. They will use AI and Blockchain to make asset management safer and scalable. The goal is to apply these tools to Real-World systems, especially in energy and transport.
The partnership is supported by HabitTrade, a platform that offers infrastructure for assets trade. Habittrade will help with the design and implementation of the token-related parts of the agreement. The platform offers technical and regulatory support to make the transaction flexible and compliant.
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