This week Hitachi is issuing a 5 year, 10 billion Yen ($69 million) digital green bond. In addition to issuing the unsecured tokenized bond, Hitachi developed the technology used to track the green credentials. It created the green credential tracking solution in conjunction with JPX, the Tokyo Stock Exchange owner. They are part of a consortium that includes Nomura and Nomura-founded DLT platform BOOSTRY.
We previously reported on plans for the “Digitally Tracked Green Bond” in November.
Last year the same consortium participated in the first Japanese digital green bond issuance by JPX. However, the size of that green bond was just 500 million Yen ($3.5 million) and its term was one year. The JPX bond proceeds were used to finance renewable energy facilities, and it publishes the green credentials in real time and logs them on BOOSTRY’s iBet for Fin blockchain network. The same blockchain network is used for bond tokenization.
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