Singapore Fintechs to transform Green Finance
Singapore fintechs Stacs and Bluecell will partner to push for industry-wide adoption of blockchain-powered infrastructure to support effective green and sustainability-linked loans.
A key focus in this collaboration is the effective management of green and sustainability-linked loans, which will be spearheaded by Stacs, according to an announcement on Wednesday.
Bluecell, an aggregator of lenders, will connect its loans matching engine to Stacs’ blockchain-based sustainability-enabling technology infrastructure, GreenStacs. The platform will monitor the usage of ESG proceeds using smart contracts, track green/sustainable measurables, incorporate financial incentives to encourage the surpassing of sustainability goals and be the standardized smart ESG data repository for all users.
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