Guangdong launches first token economy loan product with 28 million yuan pilot credit

Guangdong province has launched its first financial product tailored to the token economy, branded as "Token Loan," in Guangzhou's Haizhu district. A Bank of China Guangzhou branch example shows the product was designed specifically for small and micro computing power businesses, using contract or token consumption quotas to set credit limits. Financing can be backed mainly by unsecured credit, accounts receivable pledges, or order financing, and the limit can be expanded further through combined guarantees or collateral. Newly established companies can also apply for financing based on orders if an existing operating business provides proof of continuous operations or offers a guarantee. Bank of China has already reached 28 million yuan in preliminary pilot credit approvals, according to the report.

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