Green Assets Wallet

The Green Assets Wallet (GAW) initiative aims to scale up the market for trusted green investments in order to support the delivery on the United Nations’ Sustainable Development Goals and the objectives of the Paris Climate Agreement. To stimulate both the supply of and demand for credible green investment opportunities, especially in emerging markets, the initiative develops a blockchain-based technology for validating green investment claims that brings greater efficiency and transparency to the green debt market by immutable verification of green impacts.

The initiative, which was launched in December 2017 by Stockholm Green Digital Finance, brings together climate finance and digital technology expertise in a unique multi-stakeholder consortium including blockchain engineer ChromaWay, the climate research institute CICERO, the asset management firm Öhman, and the Swedish bank SEB. With support from GIZ’s Emerging Markets Dialogue on Finance, the project partners created this groundbreaking blockchain platform and launched the first version on 27 November 2018.

The GAW was developed around three key objectives: (1) Validation of green investments, (2) Impact reporting, and (3) Trust to support issuers in emerging and developing markets. Accordingly, it does not only make high impact investment opportunities accessible to potential investors and allows them to efficiently and transparently assess and monitor impact, but also supports emerging market issuers to successfully demonstrate credentials and attract investment for green activities, making the platform valuable for  investors, issuers and validators alike.

 

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Supported by
EMDF | Emerging Markets Dialogue on Finance