Project Genesis: Prototype digital platforms for green bond tokenisation

BIS, Innovation Hub Other  | 
03 November 2021

A suite of three reports showcasing Genesis, the BIS Innovation Hub's first green finance project executed in conjunction with the Hong Kong Monetary Authority (HKMA), that explores the green art of the possible through combining blockchain, smart contracts, internet-of-things, and digital assets.

Project Genesis – Report 1

A vision for technology-driven green finance

Genesis Report 1 offers a broad perspective from global experts on how finance can drive the transition to a green and sustainable future. Sustainability, the contributors argue, can be better achieved by integrating blockchain and other technology into the processes that bring financial products to market. Opportunities for greenwashing products will be greatly reduced and, at the same time, the technology can be utilised to control risk for both issuers and investors, thereby helping to make truly green investment the norm rather than merely novel.

In addition, Genesis achieved two prototypes summarized in Reports 2 and 3 that bring to life the vision that an investor can download an app and invest any amount into safe government bonds, which will develop a green project. Over the bond's lifetime, the investor can not only see accrued interest, but also track in real time how much clean energy is being generated, and the consequent reduction in CO2 emissions linked to the investment. Further, the investor can sell the bonds in a transparent market.

Project Genesis – Report 2

A prototype for green bond tokenisation by the Liberty Consortium

Built on a public permissionless blockchain infrastructure, Report 2 sets out the prototype of the Liberty Consortium.

Project Genesis – Report 3

A prototype for green bond tokenisation by Digital Asset and GFT

Built on a permissioned distributed ledger platform, Report 3 sets out the prototype of Digital Asset and GFT.

4 Nov 2021