Guangdong launches 'Token Loan' to help small AI firms borrow

Guangdong province has launched a new financial product called "Token Loan" in Haizhu District, Guangzhou. Bank of China's Guangzhou branch offers this loan to small computing firms, based on their contract or token usage. It provides options like credit, accounts receivable, and order financing, with combined guarantees for bigger amounts. New companies can also apply with proof of business or a guarantor.

The bank has already lent 28 million yuan in early trials. Earlier, the Guangdong Token Exchange and Service Center was set up to create a trusted hub for token trading, helping small firms access AI resources like models, data, and computing power at fair prices, and reducing high costs and supply-demand issues.