• Home
  • News
    • People moves
    • Africa
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Domicile
    • Europe
    • Latin America
    • North America
    • Middle East
    • US
    • US
    • UK
  • Products
    • Funds
    • Pensions
    • Platforms
    • Insurance
    • Investments
    • Private Banking
    • Citizenship
    • Taxation
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Directory
  • Video
  • Advertise with us
  • Directory
  • Events
  • European Fund Selector
  • Newsletters
  • Follow us
    • Twitter
    • LinkedIn
    • Newsletters
  • Advertise with us
  • Directory
  • Events
    • Upcoming events
      event logo
      International Investment Nordic Forum 2021

      International Investment is delighted to announce the 2021 International Investment Nordic Forum which will take place on Tuesday March 9, at 9am (GMT). This curated virtual event will be broadcast live and will feature a series of fund manager interviews and presentations, as well as interviews with some of the Nordic regions top fund selectors.

      • Date: 09 Mar 2021
      • ONLINE, ONLINE
      event logo
      Sustainable Investment Festival 2021

      The Sustainable Investment Festival will run online from 22-25 June and will include thought-provoking presentations from renowned keynote speakers, innovative breakout events and sessions specifically tailored to meet the information needs of fund selectors, financial advisers, pension consultants, trustees and scheme managers.

      • Date: 22 Jun 2021
      • Online, Online
      View all events
  • European Fund Selector
International Investment
International Investment

Sponsored by

Sharing Alpha
  • Home
  • News
  • Products
  • Fintech
  • Regulation
  • ESG
  • Expats
  • In Depth
  • Special Reports
  • Video
  • Thematic

Swedish electric car company launches own cryptocurrency certified to Green Bond standards

Swedish electric car company launches own cryptocurrency certified to Green Bond standards
  • Jonathan Boyd
  • Jonathan Boyd
  • 08 November 2017
  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  

Uniti, a Swedish electric car company, has announced it is launching its own cryptocurrency to fund the development of an electric vehicle, with the currency tokens certified according to the Green Bonds Principles, which underpin the global Green Bonds market that was initiated by Swedish bank SEB.

In another twist, the issue will consist of Uniti Green Tokens (UGTs), that can be redeemed for access to the data generated by the proposed vehicles starting in 2019. Thereafter, the redemption options will diversify. Uniti claims that this is the first initial coin offering (ICO) involving a cryptocurrency that has gained the relevant Green accreditation. That accreditation in turn flows from the objective of cutting carbon emissions by producing the electric vehicles.

Related articles

  • Guernsey claims world first 'regulated green fund'
  • First Nordic Swan label for index fund
  • PPM grows pension pots faster, says Sifa
  • UK's Investment Association launches consultation on ESG fund classification

Uniti is being helped with the certification of the tokens by “the digital assets team at PwC and under the legal advice of Baker McKenzie”. Further information on the issue is available from uniti.earth/ico.

Currently, the vehicle is intended for launch on 7 December 2017 with deliveries scheduled for early 2019, Uniti said. According to concept pictures, the vehicle will look something like that in the picture below:

 

 

 

SEB issues first green bond

SEB joins lead managers on €500m green bond from NIB

 

  • Tweet  
  • Facebook  
  • LinkedIn  
  • Send to  
  • Topics
  • Thematic
  • Nordic
  • Environmental, Social & Governance (ESG)
  • SEB

More on Thematic

BlackRock launches ultrashort bond ESG ETFs range

  • Passive
  • 19 March 2020
Nikko AM releases 2019 sustainability report

  • Thematic
  • 18 March 2020
World Water Day beckons for ESG investors - KBIGI

  • Thematic
  • 17 March 2020
BlackRock, JP Morgan, Fidelity top latest Broadridge Fund Brand 50 ranking

  • Equities
  • 16 March 2020
Lombard Odier unveils climate transition strategy

  • Thematic
  • 16 March 2020
Back to Top

Most read

HSBC appoints CEO for the Middle East region
HSBC appoints CEO for the Middle East region
People moves: Phoenix Group, Franklin Templeton, TMF Group, AJ Bell, Arete, Just Group
People moves: Phoenix Group, Franklin Templeton, TMF Group, AJ Bell, Arete, Just Group
Nordic Fund Selector of the Year 2021 shortlist announced
Nordic Fund Selector of the Year 2021 shortlist announced
UK Budget: Sunak freezes lifetime allowance for pensions contributions
UK Budget: Sunak freezes lifetime allowance for pensions contributions
Europe's wealth mangers increasingly focusing on Bitcoin: survey
Europe's wealth mangers increasingly focusing on Bitcoin: survey
  • Contact Us
  • Marketing solutions
  • About Incisive Media
  • Terms and conditions
  • Policies
  • Careers
  • Twitter
  • LinkedIn
  • Newsletters

© Incisive Business Media (IP) Limited, Published by Incisive Business Media Limited, New London House, 172 Drury Lane, London WC2B 5QR, registered in England and Wales with company registration numbers 09177174 & 09178013

Digital publisher of the year
Digital publisher of the year 2010, 2013, 2016 & 2017
Loading