Top 7 China Blockchain Finance Companies 2025
China's blockchain finance market reached RMB 80 billion in 2025, anchored by the world's most advanced central bank digital currency (digital yuan/e-CNY) with 1.8 billion cumulative transactions. China leads globally in blockchain-based trade finance, supply chain finance, and government digital services. While cryptocurrency trading remains banned, enterprise blockchain adoption in financial services has surged, with 500+ blockchain financial platforms operating across banking, insurance, and cross-border trade.
TL;DR: China's blockchain finance market reaches RMB 80B. Digital yuan (e-CNY) leads with 1.8B cumulative transactions while AntChain processes 100M+ daily on-chain operations for trade finance and supply chain.
Top Companies
AntChain (蚂蚁链)
100M+ daily on-chain operationsAntChain, Ant Group's blockchain platform, is China's largest enterprise blockchain network, processing 100M+ daily on-chain operations for trade finance, supply chain management, and cross-border payments. Its technology supports 10,000+ enterprise customers including 200+ banks for blockchain-based letter of credit and invoice verification.
PBOC Digital Currency Institute (数研所)
1.8B e-CNY transactionsThe People's Bank of China's Digital Currency Research Institute developed and operates the digital yuan (e-CNY), the world's most advanced CBDC. With 1.8B cumulative transactions across 26 pilot cities, e-CNY supports smart contracts for programmable payments and government subsidy distribution.
FISCO BCOS (金链盟)
200+ financial institution membersFISCO BCOS is China's leading open-source consortium blockchain platform, developed by WeBank and backed by 200+ financial institutions. It powers blockchain applications in trade finance, supply chain finance, and regulatory reporting for China's banking sector, including ICBC, China Merchants Bank, and WeBank.
Baidu Xuperchain (百度超级链)
Government blockchain platformBaidu's Xuperchain serves as the blockchain infrastructure for Chinese government digital services including electronic evidence, copyright registration, and public benefit tracing. Its network processes 500M+ on-chain records and is designated as a national-level blockchain infrastructure platform.
JD Zhizhen Chain (京东智臻链)
Supply chain finance blockchainJD's blockchain platform specializes in supply chain finance, product traceability, and e-commerce certificate management. Its blockchain-based supply chain financing has facilitated RMB 100B+ in loans to SMEs, and its product traceability system covers 100K+ consumer goods with 1B+ scanned entries.
WeBank (微众银行)
Federated learning + blockchainWeBank pioneered the integration of federated learning with blockchain for privacy-preserving financial data collaboration. Its FATE framework + FISCO BCOS platform enables banks to share credit risk models without exposing customer data, adopted by 100+ financial institutions for collaborative lending decisions.
OneConnect (金融壹账通)
Cross-border trade financeOneConnect, Ping An's fintech subsidiary, operates a blockchain-based cross-border trade finance network connecting 200+ banks across 15 countries. Its platform has processed USD 10B+ in blockchain-verified trade finance transactions, reducing document processing time from 7 days to 24 hours.
Comparison Table
| Company | Core Technology | Key Application | Scale | Focus |
|---|---|---|---|---|
| AntChain | Enterprise blockchain | Trade finance, payments | 100M+ daily ops | Cross-border trade |
| PBOC DCI | CBDC (e-CNY) | Retail payments | 1.8B transactions | Smart contracts |
| FISCO BCOS | Open-source consortium | Banking infrastructure | 200+ institutions | Trade finance |
| Baidu Xuper | Government blockchain | Public services | 500M+ records | Legal evidence |
| JD Zhizhen | Supply chain blockchain | Product traceability | 100K+ products | SME financing |
| WeBank | Federated learning + BC | Privacy-preserving AI | 100+ institutions | Credit modeling |
| OneConnect | Cross-border BC network | Trade finance | USD 10B+ processed | International |
Frequently Asked Questions
How is the digital yuan (e-CNY) progressing?
The digital yuan has achieved 1.8B cumulative transactions across 26 pilot cities as of 2025, with wallet users exceeding 300M. Key innovations include smart contract programmability for government subsidies, offline payment capability, and integration with major payment platforms (Alipay, WeChat Pay). Full nationwide rollout is expected by 2026.
Is cryptocurrency legal in China?
Cryptocurrency trading and mining have been banned in China since 2021. However, enterprise blockchain technology and the digital yuan (CBDC) are actively promoted. NFTs exist in a grey area, renamed 'digital collectibles' (数字藏品) and restricted from secondary trading. The distinction is: blockchain technology (good) vs cryptocurrency speculation (banned).
What is the difference between Chinese and global blockchain finance?
China focuses on consortium/permissioned blockchain for institutional use (trade finance, government services) rather than public/permissionless blockchain (DeFi, NFTs). China's approach prioritizes regulatory compliance, financial stability, and government oversight, while global blockchain finance emphasizes decentralization and open access.
How big is China's blockchain finance market?
China's blockchain finance market reached RMB 80 billion in 2024, including digital yuan infrastructure (RMB 20B), blockchain trade finance (RMB 25B), supply chain finance (RMB 15B), regulatory technology (RMB 10B), and other financial blockchain applications (RMB 10B). Annual growth exceeds 25%.
Which Chinese blockchain platform is most widely used?
FISCO BCOS is the most widely adopted open-source platform in China's financial sector with 200+ institutional members. AntChain processes the highest transaction volume (100M+ daily). Baidu Xuperchain leads in government applications. For international trade finance, OneConnect's cross-border network is the most active.