Shares of U Power Limited (NASDAQ: UCAR) climbed sharply after the company announced the successful issuance of regulatory-compliant tokenized real-world assets on the BNB Chain, developed in collaboration with infrastructure platform PicWe. The move represents a formal step in the company’s exploration of blockchain-based frameworks designed to give digital representation to physical energy assets.
Company materials describe the tokenization program as a new phase for U Power’s battery swapping operations within its wider expansion strategy. The first market targeted for the initiative is Southern Europe, where U Power is deploying AI-driven battery-swapping systems together with dynamic energy asset management for commercial electric vehicle fleets. The company has stated that it will roll the program out progressively into its existing markets, which include Southeast Asia, Hong Kong SAR, and South America.
The tokenized assets will be built on U Power’s proprietary UOTTA modular technology. According to the company, its battery-swap stations are already generating revenue in China and Southeast Asia and are now being scaled in Southern Europe through strategic partnerships. In a related development, U Power recently disclosed a joint venture with FTT Holding Company LLC, a U.S.-based technology investment firm that is planning to commit up to $50 million to support deployment of battery swapping infrastructure across Southern Europe.
U Power has framed the tokenization capability as a way to connect dynamic energy assets such as battery-swapping stations to digital systems, enabling broader participation across emerging energy ecosystems. The company says these compliant real-world asset frameworks may help advance new energy service models by allowing users to engage more directly with infrastructure networks.
Looking ahead, U Power intends to keep evaluating innovative, compliance-focused technologies aimed at improving the efficiency, flexibility, and scalability of energy systems. The company positions this work as part of a broader effort to take a leading role in the Web3.0 transformation of electric vehicle new energy infrastructure.
Summary
U Power announced the launch of regulatory-compliant tokenized real-world assets on the BNB Chain with PicWe, leveraging its UOTTA modular technology. The program will begin in Southern Europe alongside AI-driven battery-swapping deployments and is slated to expand into Southeast Asia, Hong Kong SAR, and South America. The company also disclosed a joint venture with FTT Holding Company LLC, which plans to commit up to $50 million to support Southern Europe deployment.
Key points
- U Power launched regulatory-compliant tokenized real-world assets on the BNB Chain in collaboration with PicWe - impacts energy and blockchain sectors.
- Initial deployment set for Southern Europe with AI-driven battery-swapping and dynamic energy management for commercial EV fleets - relevant to EV infrastructure and transportation sectors.
- The initiative uses the companys proprietary UOTTA modular technology and builds on revenue-generating battery-swap stations in China and Southeast Asia; a planned up-to-$50 million commitment from FTT supports regional scaling - affecting infrastructure financing and investment markets.
Risks and uncertainties
- Execution risk tied to the gradual roll-out across multiple regions - expansion into Southeast Asia, Hong Kong SAR, and South America is planned but not immediate.
- Funding uncertainty related to the joint venture with FTT Holding Company LLC, which is described as planning to commit up to $50 million - the described commitment is conditional rather than guaranteed.
- Dependence on strategic partnerships and compliant frameworks for tokenization - scaling in Southern Europe is stated to rely on strategic partnerships and regulatory-compliant systems.