SOLOWIN and Alibaba Forge Blockchain Path for China's Green Goals

HONG KONG – February 06, 2026 – In a landmark move bridging fintech, e-commerce, and environmental policy, financial technology firm SOLOWIN HOLDINGS (Nasdaq: AXG) today announced a strategic partnership with Alibaba Group’s local lifestyle platform, Taobao Shangou, and carbon asset manager Hangzhou Bossen. The collaboration aims to pioneer a new model for inclusive carbon reduction in China, leveraging blockchain technology to incentivize sustainable consumer behavior on a massive scale.

This initiative introduces a novel framework integrating "high-quality carbon assets + consumer platform incentives + on-chain carbon credit circulation," creating what the partners hope will be a replicable and scalable pathway to help meet China's ambitious climate targets.

The National Mandate for a Greener China

The partnership does not exist in a vacuum; it is a direct response to a powerful top-down push from the Chinese government. Achieving carbon peak and neutrality has been elevated to a major national strategic objective. In August 2025, a key guideline was issued by the central government calling for the enhancement of inclusive carbon reduction mechanisms and the scaled application of carbon assets. This signaled a clear policy direction towards engaging the broader public in the country's decarbonization efforts.

At the regional level, this directive has been translated into concrete action plans. Zhejiang Province, a major economic hub, released its "Key Work Points for Carbon Peaking and Carbon Neutrality in Zhejiang Province by 2025" in March 2025. The plan explicitly prioritizes advancing green, low-carbon transitions in key sectors and promoting innovative carbon asset initiatives. This supportive policy landscape has created fertile ground for market-driven solutions that can translate national goals into tangible, everyday actions.

A New Model for Inclusive Carbon Reduction

The collaboration's core innovation lies in its closed-loop system that connects carbon asset markets directly to consumer activity. The process begins with Hangzhou Bossen, a specialist in carbon asset development, which supplies high-quality carbon assets to the program. The integrity and verification of these assets, which could stem from projects like renewable energy or reforestation, are foundational to the model's credibility, though specific certification standards have not yet been publicly detailed.

These assets are then integrated into Taobao Shangou’s vast platform. The food delivery and local services giant embeds carbon benefits into its existing user incentive system. Consumers who make eco-friendly choices—such as opting for "green delivery" with less packaging or selecting low-carbon products—are rewarded with carbon credits. This transforms passive consumers into active participants in the green economy, turning daily choices into measurable climate action.

Under the Hood: The Ferion Blockchain Platform

The technological backbone of this entire system is Ferion, a one-stop asset tokenization platform developed by SOLOWIN HOLDINGS. Ferion is designed to bring institutional-grade security and transparency to the management of real-world assets (RWAs) on the blockchain. For this initiative, it provides the critical infrastructure for the compliant on-chain management of the carbon assets.

Ferion's role includes condition verification, ensuring assets meet predefined criteria; rights confirmation, which digitally maps ownership; and circulation recording, creating an immutable ledger of every transaction. This full lifecycle management is designed to prevent common issues in traditional carbon markets, such as double-counting, and provides a transparent, auditable trail from asset creation to its allocation as a consumer reward.

SOLOWIN's platform is not new to the asset tokenization space. With a track record that includes over 10 tokenization projects and more than $50 million in total value tokenized, Ferion has been applied to diverse assets, including the tokenization of revenue rights from renewable energy projects in Malaysia. The platform's architecture emphasizes multi-jurisdictional compliance and enterprise-grade security, featuring professional smart contract audits from partners like SlowMist Technology, a leading blockchain security firm.

Mobilizing Millions: The Power of Consumer Platforms

The partnership's true potential for impact lies in its scale. Taobao Shangou, formerly known as Ele.me, operates in over 2,000 cities across China, boasting a massive user base that engages with the platform daily. By integrating green incentives into this existing ecosystem, the initiative can influence consumer behavior on a scale that standalone environmental apps could only dream of.

This strategy taps into a powerful trend of leveraging large digital platforms for social good. Rather than asking consumers to adopt entirely new behaviors or download a separate application, the program meets them where they are, subtly nudging them towards more sustainable choices through familiar reward mechanisms. This approach democratizes carbon reduction, moving it from the abstract realm of corporate and government policy into the tangible "pockets" of millions of ordinary citizens.

Dr. Thomas Zhu, Co-Founder and Chief Executive Officer of AlloyX Group, a subsidiary of SOLOWIN, articulated this vision in the announcement. “Our collaboration with Taobao Shangou and Hangzhou Bossen, connects consumers, platforms and financial services, establishing a benchmark closed-loop model from carbon assets to consumer incentives and ultimately to carbon asset buyback," he commented. "We believe this innovative business model will create a win-win scenario in terms of both social and platform value, and serve as a demonstrative case for the integration of green finance and digital technology."

Scalability, Replicability, and the Road Ahead

While the initial focus is on Taobao Shangou's platform, the partners have explicitly designed the model to be a "replicable pathway" for scaling carbon asset applications. The modular nature of the system—combining asset supply, a consumer platform, and a blockchain backend—suggests it could be adapted for other sectors, such as ride-sharing, e-commerce, or travel.

The underlying technology of asset tokenization is itself a rapidly growing global market, projected to reach nearly $19 trillion by 2031. Blockchain's ability to create transparent, liquid, and accessible markets for assets like carbon credits is attracting significant institutional interest. This initiative places SOLOWIN and its partners at the forefront of applying this technology to China's green economy.

However, challenges to widespread replication remain. Regulatory frameworks for digital assets and carbon markets vary significantly across jurisdictions, and the success of any such program hinges on the verifiable quality of the underlying carbon assets. Sustaining long-term consumer engagement will also require continuous innovation in the incentive structures. Despite these hurdles, this partnership represents a significant step forward, creating a powerful demonstration of how digital technology and strategic collaboration can be harnessed to empower millions of individuals to contribute to a nation's climate goals.