nChain partners with Universal Plastic to accelerate sustainable innovation

nChain, a specialist in Web3 solutions, has signed a strategic partnership agreement with Universal Plastic, to achieve common sustainability goals towards ocean protection: regenerating the marine ecosystems by taking out plastic, giving agency to locals by fairly rewarding them for their efforts and making companies act upon their footprint, getting a step closer to the ESGs.

In this partnership, nChain is investing €2,000,000 and acquiring a 20% stake in the equity of...

Hong Kong sells $102m of tokenised green bonds

Hong Kong

The Hong Kong government has issued 800 million HKD ($102m) in tokenised green bonds as part of its Green Bond Programme.

The programme is part of a government initiative designed to promote sustainability within the city’s finance and bond markets.

The bonds were underwritten by four banks and priced at a yield of 4.05%.

According to the announcement, the platform used Goldman Sachs’ tokenisation protocol, GS DAP, for the bond.

GS DAP uses a...