Scaling the Market for Green Investments through Blockchain
The Green Assets Wallet innovation project is the result of a unique consortium of leading capital market actors and technology innovators formed under the lead of Stockholm Green Digital Finance. Throughout 2018, the consortium is building a groundbreaking blockchain platform to help accelerate the market for green investments in support of the United Nations’ Sustainable Development Goals and the objectives of the Paris Agreement.
The Green Assets Wallet technology is developed to deliver efficiency and transparency to the green debt market in support of scaling the supply of, and investment in, credible green investment opportunities through cost-efficient and immutable verification of green impacts.
The project is funded and co-developed by the Emerging Markets Dialogue on Finance (EMDF), which is a project of Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ).
The Green Assets Wallet is based on three elements: Validation, Impact and Trust.
The Green Assets Wallet is a technology that aims to support scaling of the green debt market and bridge green investors with potential investment opportunities through cost efficient and immutable verification of green impact.
The objectives are to:
- Increase the supply of green debt products by lowering transaction cost and delivering efficiencies for issuers.
- Support growth of a wider range of green asset classes that, for example, actors not eligible to the bond market can tap into.
- Support new entrants in Emerging Markets to demonstrate credibility and build up a green track record to attract investments at scale.
- Offer efficient and transparent reporting to demonstrate positive impact and support informed choices about future investments.
The three elements
The Green Assets Wallet offers cost effective and immutable verification of delivery on green investment...
The Green Assets Wallet puts impact reporting on the blockchain to support issuers and investors...
The Green Asset Wallet helps new entrants demonstrate credibility and a track record to successfully...
The launch event
The Green Assets Wallet innovation project was launched in Paris at the Fin&Tech Community on 8 December 2017 -in conjunction with Climate Finance Day and One Planet Summit- together with Finance Innovation and Finance for Tomorrow. Press release here.
With an award grant from Climate KIC, Stockholm Green Digital Finance and Fintech Hub Sweden developed a Demo to illustrate the potentials for putting green investments on the blockchain. The Demo was developed with instrumental support from asset management firm Öhman, Vasakronan, Mistra, as well as Swedish bank SEB.
Use arrow keys or click on the active fields (flashing blue) to navigate the prototype.