The National University of Singapore (NUS), Northern Trust and Singaporean bank UOB have partnered to tokenize green bond data. As part of Singapore’s Project Guardian trials, data relating to NUS’ third green bond, issued in 2023 has been tokenized on the Northern Trust Matrix Zenith platform.
Northern Trust launched the platform last year, which is integrated with its core asset servicing infrastructure. So it’s not the bond itself that’s tokenized, just the credential for environmental impact reporting data. The purpose is to provide “secure, immutable, and reliable” data for ESG reporting purposes.
UOB was the lead arranger of the original bond and it will solicit feedback on how tokenizing data will help with investor reporting practices.
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