Conducted as part of the Monetary Authority of Singapore’s Project Guardian, the initiative will leverage blockchain technology to enhance transparency, data integrity and investor confidence in sustainable investment practices, say the three parties in a Jan 13 release.
In a pioneering move, the National University of Singapore (NUS) is engaging Nasdaq-listed financial services firm Northern Trust to tokenise the environmental impact reporting data from the university’s third green bond, issued in 2023.
United Overseas Bank (UOB), as the lead arranger of the bond issuance, will solicit and provide crucial feedback on how the tokenised data can enhance investors’ sustainability reporting practices.
