Stockholm Green Digital Finance launches the Green Assets Wallet innovation project phase 2

During 2019 the Green Assets Wallet will be brought to the market at scale

Last week on 4th June, Stockholm Green Digital Finance convened GAW project partners and other stakeholders to Norrsken House to discuss the exciting tasks ahead for the Green Assets Wallet (GAW) phase 2.

The GAW is a blockchain-based open source platform designed to deliver efficiency and transparency to the green debt market by immutable validation and reporting of green impacts. The ultimate objective is to scale the flow of green investments, in order to support delivery on the UN Sustainable Development Goals and the Paris Agreement on Climate Change through the operations of financial markets.

The GAW has now entered its second phase with new team members and ambitious objectives for the coming 7 months. Key actions include:

  1. Technology: We are wrapping up remaining technological elements and user experience features. Together with ChromaWay and 4ire Labs, we will deliver excellent application usability and high IT security.

  2. Market: We will collaborate with key actors in the market to demonstrate their green credentials on the platform. Together with CICERO, the leading global provider of second opinions on the frameworks for green bond frameworks, we will engage issuers globally. In parallel we will investigate how GAW can serve up-and-coming actors in the African market.

  3. Long-term: We will establish a long-term governance model for the technology that ensures resilience and longevity.

Representatives from Stockholm Green Digital Finance, CICERO, ChromaWay and 4ire Labs.

Representatives from Stockholm Green Digital Finance, CICERO, ChromaWay and 4ire Labs.

The Green Assets Wallet project partners include: ChromaWay, CICERO, 4ire Labs, SEB, Öhman, MISTRA, Vasakronan, Stockholm Sustainable Finance Centre, CECEP, GIB, and the Emerging Markets Dialogue on Finance.

The GAW continues to be funded and co-developed by the Emerging Market Sustainability Dialogues (EMSD) at the Deutsch Gesellschaft für Internationale Zusammenarbeit (GIZ) GmbH, commissioned by the German Federal Ministry for Economic Cooperation and Development (BMZ). Stockholm Sustainable Finance Centre (SSFC) is also supporting the GAW phase 2.  More information on the GAW can be found here.

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