The Green Assets Wallet will develop a technology that bridges green investors with potential investment opportunities through cost-efficient and immutable verification of green impact.
The project, Green Assets Wallet: Validating Green Investment through Blockchain, is designed to equip green investors with the technology to better deliver on the goals of the Paris Climate Agreement and the United Nations Sustainable Development Goals (SDGs).
Stockholm Green Digital Finance will build the blockchain-based technology for validating green investment claims to deliver efficiency and transparency to the green debt market by immutable verification of green impacts.
The wallet is based on open-source technology tailored for capital market actors. The technology will offer a platform for validation of, as well as impact reporting on, green investments.
The Green Assets Wallet will help to effectively channel private institutional capital to green projects globally, specifically supporting green emerging markets investments.
CICERO is contributing to the project with knowledge on green validators, impact reporting and scoring of green deliverables.
The project has been funded through a 400,000 EUR investment from the Emerging Markets Dialogue on Finance (EMDF), part of a project of GIZ GmbH, Germany's leading provider of international cooperation service and commissioned by Germany’s Federal Ministry for Economic Cooperation and Development (BMZ).
The project is led by Stockholm Green Finance, and also includes blockchain engineering startup ChromaWay, geographic data provider GIB, and capital market actors – including asset management firm Öhman, Swedish bank SEB, Mistra, Vasakronan and emerging market banks.