Last month SMBC, Japan’s second largest bank, commenced work on sustainable loan trials as part of the Digital Currency Forum. The Forum is a Japanese group of 100 companies, banks and local governments that are exploring a variety of digital currency use cases, led by startup DeCurret.
One of the Forum’s working groups is for power trading. It has previously looked at using the digital currency DCJPY to settle renewable energy transactions for a blockchain trading platform.
The latest iteration is a proof of concept to make loans denominated in digital currency (DCJPY) as a sustainable linked loan based on proof of renewable energy transactions. Eneres, a subsidiary of telecoms firm KDDI, operates an energy trading blockchain used in this trial to log renewable energy transactions. This is the Forum’s first financial services demonstration using DCJPY.
Article continues …
Want the full story? Pro subscribers get complete articles, exclusive industry analysis, and early access to legislative updates that keep you ahead of the competition. Join the professionals who are choosing deeper insights over surface level news.
