Prontoblock and EPIC ESG Partner to Launch a DAO and Issue On-Chain Green Bonds to Finance Clean Energy Solutions
NEW YORK, Nov 10, 2022 - (ACN Newswire via SEAPRWire.com) - The on-chain tokenized green bonds issued by Prontoblock will be one of the first such offerings in the United States. Moody's forecasts that the issuance of green bonds could total $1 trillion in 2022.New York, November 8, 2022 -- Prontoblock, an innovative blockchain and Web3 company, will partner with EPIC ESG to utilize smart contracts in the form of Non-fungible Tokens (NFTs), and introduce utility tokens to support the structure of on-chain green bonds for large-scale projects. Prontoblock will issue approximately $300 million in notional value in the form of on-chain green bonds to support EPIC ESG's take out needs for the company's clean energy projects. According to a 2022 report by McKinsey, capital spending on physical assets for energy and land-use systems required to decarbonize the global economy and to achieve net-zero emissions by 2050 are estimated to be $9.2 trillion annually, and $275 trillion in total.EPIC ESG's clean energy, carbon sequestration and disruptive agricultural solutions address pressing green energy challenges within the United States. To fund and manage these solutions, Prontoblock will l...
