Using Polygon’s layer 2 Ethereum scaling technology, ABN AMRO, a Dutch bank, issued a digital green bond as an ERC3643 token via Tokeny, a platform that enables financial institutions to create and manage securities and financial instruments.
The bank raised €5 million through the green bond offering, which was allocated to Vesteda, a real estate investor.
Vesteda plans to use the funds to refinance its green assets under its green finance framework.
Green bonds are a way of raising capital for projects or companies that have a positive environmental impact and promote sustainability.