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Public company U Power completes RWA issuance on PicWe, with a market capitalization surpassing $7 million.
ChainCatcher news, Nasdaq-listed company U Power completed the issuance of $UCAR on the BNB Chain through the RWA infrastructure platform PicWe on January 20, 2026.
According to information from U Power’s official website, the issuance of RWA is mainly used for the continuous construction and operational expansion of new energy infrastructure, as well as the upgrade of the global business settlement system, accelerating the integration of the company’s real business with on-chain financial systems. U Power stated that the revenue from the Southern Europe charging and swapping business will be shared with $UCAR holders. In addition to token appreciation gains, the annualized return on RWA rights can reach 17%.
As of press time, the on-chain circulating market value of $UCAR tokens has exceeded $7 million, and the $UCAR token price has increased by 68% within 12 hours.