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BIS, HKMA to Encourage Sustainable Investment by Tokenizing Green Bonds
Summary: Project Genesis is a new initiative from the Bank for International Settlements (BIS) Innovation Hub and the Hong Kong Monetary Authority (HKMA) to encourage sustainable investment by tokenizing green bonds. The hope is that this will make bonds more accessible, with smaller investments required. “Green and digital are not only interconnected but interdependent – the ...
Project Genesis is a new initiative from the Bank for International Settlements (BIS) Innovation Hub and the Hong Kong Monetary Authority (HKMA) to encourage sustainable investment by tokenizing green bonds. The hope is that this will make bonds more accessible, with smaller investments required.
“Green and digital are not only interconnected but interdependent – the fate of one depends on the other. Green finance, accordingly, is a key priority of the BIS Innovation Hub and Genesis is an integral part of that,” said Benoît Cœuré, Head of the BIS Innovation Hub. The project will target the full bond life cycle. In other words, the issuance process, payment of interest and redemption.
By Amy Liu
Tags: BIS,Green Bonds,HKMA
Link: BIS, HKMA to Encourage Sustainable Investment by Tokenizing Green Bonds [Copy]
