Sichuan Issues First Loan Based on Tokenized Computing Power Scenarios

The Chengdu branch of the Industrial and Commercial Bank of China (ICBC) has issued the first loan in Sichuan province based on tokenized computing power scenarios. The bank incorporated AI computing consumption and token procurement costs into its credit evaluation system for a high-tech firm in Chengdu. The loan is intended to cover API call fees and computing power rental costs, addressing cash flow mismatches for AI projects.