Prontoblock, a blockchain and Web3 company, is partnering with Epic ESG, an eco-powered innovation company, to use smart contacts in the form of NFTs. Tokens will be introduced to support the structure of on-chain green bonds for large-scale projects.
The United States faces green energy concerns that are addressed by EPIC ESG’s clean energy, carbon sequestration, and disruptive agricultural solutions.
Prontoblock will launch a Decentralized Autonomous Organization (DAO), an emerging corporate model that democratizes and automates governance using logic contained in smart contracts to secure funding, optimize operations, improve reporting, finance, and manage these solutions.
As a result of this partnership, highly secure tokenized green bonds will be issued, allowing a diverse range of investors to access the market and benefit from improved efficiency and fractional ownership. This will benefit all participants by increasing liquidity and lowering capital costs.
Kyle Barnett, CSO of EPIC ESG, stated,
“We are very excited to be working with Prontoblock, given their capital markets and blockchain expertise, to advance our ESG initiatives,”
“This partnership will democratize retail access to bonds and accelerate the rollout of critically needed clean energy projects.”
John Murphy, co-founder and chairman of Prontoblock, said:
“The opportunity for Prontoblock to support worthy projects in the ESG space is a deserving use case for our technology,”
He added,
“The DAO and green bonds issued by our platform will significantly increase access to the food supply, uninterrupted clean energy, and the offsetting of carbon emissions. As the need for capital for climate-related investments in the coming decades will be immense, supporting EPIC ESG’s endeavors is a moral imperative for Prontoblock.”
The ownership rights of these green bonds will be easily traded on multiple centralized and decentralized crypto exchanges globally by issuing NFTs on a distributed ledger, delivering new and superior functionality with digital assets.
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