UOB’s approach to sustainability is to simplify the adoption of sustainability practices for business. The tools and tracking systems that CO2X offers can help fleet operators reduce their carbon emissions. This collaboration enhances UOB’s capabilities and provides our customers with an integrated end-to-end approach as they embark on their sustainability journey and grow responsibly while reaping the long-term benefits of going green. 

The case for going green today is becoming clearer for businesses across all industries and regions, but for real change to take place, SMEs need to have practical ways to measure and monitor their carbon footprint. We at OCBC are happy to partner with CO2X as it sets out to address this gap across a broad range of industries. We believe technology solutions like this will combine well with our green and sustainability-linked loans to help our SME customers across the region to successfully transition their businesses and projects.

Sustainability is one of the core pillars of our business strategy. Aviva Singlife is pleased to be the first insurer to work with CO2X to utilize their Blockchain technology to underwrite and find green insurance solutions for the Transport and Logistics sector. Customers can leverage the platform to track their carbon footprint for benchmarking, devise fuel reduction strategies, reduce fuel costs and reduce emissions. By analysing the data collected, Aviva Singlife will be able to better assess and provide reduced insurance premiums for logistics operators. This is a win-win solution that will support sustainability in business.

We built the solution with long-term partner Eastspring and Singapore fintech STACS, using an agile co-creation approach, leveraging the expertise of the BNP Paribas Design Factory in Singapore. The Mercury solution has the potential to benefit other industry players. It also addresses one of the Monetary Authority of Singapore’s ambitions to promote collaboration between local fintech firms and large corporates with a view to positioning Singapore as a regional digital hub.

As a leading technology player, Mastercard can play a key role in shaping the future of digital assets and providing consumer protections and security. Mastercard is thrilled to support STACS and the larger fintech community to grow and scale blockchain programs and platforms in an ever-changing industry.

The Covid-19 pandemic has posed additional challenges to the complex and rapidly expanding ETD market. By using blockchain technology, we are transforming the ETD trade cycle for the entire industry through increased transparency, security and operational efficiency. Asset managers and brokers will now be able to leverage a single source of truth and focus on value-added activities for their clients.

DLT is the foundation to building capital markets that are for everyone. It enables smaller businesses to borrow, instills investor confidence through transparency, and provides real-time asset trading and settlement across borders so that everyone, be it an investor or a borrower, can access opportunities from across the globe through capital markets which are truly inclusive.

Participating in this MAS funded initiative was an exciting experience for EFG and our team members. This is in line with our efforts to change the speed and scope of digitalisation in our business. Working with STACS has been very smooth and seamless, and we certainly managed to learn from each other. The project is innovative, demonstrates significant efficiency gains and can be extended to other asset classes in the future.

We are pleased with the results of this POC. With innovation at the forefront of our strategy, it is important to us to actively contribute to, and participate in the future of capital markets from a post-trade servicing perspective. This POC allowed us to assess the practical handling of tokenized assets, as well as the opportunities and challenges that could arise from their commercialization in Singapore, and potentially in other markets.

Data transparency, reliability and security are corner stones of the emerging ESG capital market. This cutting-edge ‘bond in a box’ POC successfully explored the synergies between Fintech and ESG, using distributed ledger and smart contracts capabilities with cross-platform interoperability for ESG-compliant digital securities.

Not only does this Proof-of-Concept outline a basic ecosystem for DLT bond issuance and lifecycle management but it also serves an accessible template for the industry in the development of concepts into live commercial transactions. Its focus on ESG, an area in which DLT uniquely enables data-rich products such as sustainability-linked bonds, to deliver significant additional value for clients is particularly exciting.

The Exchange closely follows current trends in innovation and new technologies with a view to remaining relevant in this competitive landscape. One of the ways to achieve this is through collaborations with innovative companies. The POC conducted in partnership with STACS presents an opportunity to provide a valuable learning experience to build knowledge and obtain insights that will allow us to grow the bond marketplace. The POC aims to increase operational efficiency, driving down the cost of operations as well as the cost of issuing bonds. We will continue to tap into emerging technological innovations to further develop the marketplace and improve the effectiveness and accessibility of the Exchange.

We are happy with the completion of the initial stage of the POC. The partnership with STACS, industry participants and regulators demonstrated that block chain technology can deliver increased efficiencies, transparency and trust that can benefit the bond market. These are key values that ensure we remain responsible for our efforts to develop a vibrant and attractive marketplace.