NUS Launches Singapore’s First Blockchain-Based Green Bond Reporting Initiative
The National University of Singapore (NUS) launched Singapore's first blockchain-based green bond reporting tokenization initiative on January 13, in collaboration with Northern Trust and United Overseas Bank (UOB).
Key Points
- NUS integrates blockchain technology into environmental, social, and governance (ESG) reporting.
- The initiative is part of a broader plan to advance green finance through blockchain.
- It stems from a three-year Memorandum of Understanding with Northern Trust, focusing on ESG finance challenges.
- The project aims to enhance transparency, data integrity, and investor confidence in sustainable investments.
- The green bond reporting token will store environmental data from NUS’ third green bond issued in 2023.
- This aligns NUS' practices with global transparency and regulatory standards.
- The initiative is part of Project Guardian by the Monetary Authority of Singapore, exploring asset tokenization in financial markets.
- Northern Trust’s Matrix Zenith platform will mint and hold the green bond reporting token.
- UOB acts as the lead arranger for bond issuance, ensuring tokenized data meets sustainability reporting standards.
- Investors gain access to unaltered information throughout bond ownership, ensuring data reliability.
Tan Kian Woo, CFO at NUS, emphasized the initiative's role in improving transparency and accountability in sustainable finance.