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A pioneering digital platform for retail green bond issuance

A pioneering digital platform for retail green bond issuance

A green bond tokenisation platform in Hong Kong

A green bond issuance platform that meticulously tracks green bond proceeds. In addition to offering greater transparency and traceability, it also strengthens corporate responsibility surrounding green finance initiatives – effectively hampering greenwashing.

Close-up of dewdrops on a green leaf, symbolising sustainability and digital innovation in green bond tokenisation. — Explore the future of sustainable finance with this image representing the Green Bond Tokenisation Platform. Dewdrops on a leaf symbolise the blend of nature and technology, highlighting the impact of digital solutions on green finance.

Align financial processes with environmental goals

Gain 100% transparency regarding green bonds issuance

Third-party integration: Octopus electronic payment system

Challenge

Showcase the value of DLT interoperability in a retail application

Despite significant growth in green bonds, key industry stakeholders seek greater transparency when delivering ESG covenants to regulatory bodies and investors.
GFT and Digital Asset partnered with the Bank of International Settlements to create a retail bond issuance platform, launching Project Genesis at Hong Kong Fintech Week 2021.

Engagement

Working with Digital Asset to transform the DLT-based retail bond market in Hong Kong

GFT and Digital Asset succeeded in developing a platform that streamlines the green bond life cycle for retail investors – spanning issuance, redemption and trading on secondary markets.
Our solution leverages the power of two key solutions: Digital Asset's Daml , which automates redundant green bond issuance processes; Canton, which ensures interoperability between DLT technologies such as Hyperledger Fabric and Hyperledger Besu.
Our frontend is coded in ReactJS, a flexible language considered the industry standard that has accelerated our development processes. AWS Cloud platform has been used to host all our backend services and website.

Benefit

Streamlining fragmented procedures, enabling immediate throughput processing between participants

We designed our platform to showcase the retail green bond issuance process and demonstrate how the people of Hong Kong can contribute to a greener and more sustainable future by investing in green bonds.
GFT and Digital Asset leveraged and adapted the Daml Open Finance library to automate processes, remaining mindful of the local regulatory framework.
By drawing on Allinfra technologies and important expertise, Project Genesis provides potential solutions to current pain points in the green bond industry such as greenwashing.

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Success story

A pioneering digital platform for retail green bond issuance

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Demonstration

Digital Asset and GFT demonstrate how to digitise green bond issuance

Partner

Amazon Web Services

Amazon Web Services (AWS) is the world’s most comprehensive and broadly adopted cloud platform.

Partner

Digital Asset

Digital Asset is a software and services provider that designs and delivers technology to reshape legacy systems and workflows for efficiency and security. Daml is our platform for building multi-party applications.

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