HomeCBDCBIS ProjectsInnovative Genesis 2.0: Green Bonds Linked to Smart Contract Carbon Credits

Innovative Genesis 2.0: Green Bonds Linked to Smart Contract Carbon Credits

The BIS Innovation Hub’s Hong Kong Centre places significant emphasis on leveraging cutting-edge technology for green finance initiatives. Building upon the successful proof of concept in 2021, where they tokenized retail green bonds in Project Genesis, the Hong Kong Centre has now completed a project involving the development of two prototypes. These prototypes aim to facilitate the tracking, delivery, and transfer of digitized carbon forwards, also known as mitigation outcome interests (MOIs). The project was a collaborative effort involving the Hong Kong Monetary Authority, the UN Climate Change Global Innovation Hub, and other public and private stakeholders. It explores the use of blockchain, smart contracts, and related technologies.

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