Nomura leads $6 million funding round of blockchain climate startup Allinfra

Nomura led a $6 million Series A funding of climate solutions-focused Hong Kong blockchain startup, Allinfra.

The company focuses on utilizing blockchain technology to track emissions, renewable energy certifications, and green bonds.

To lower the cost of funding, Allinfra tokenizes infrastructure like solar panels and railways.

Allinfra has been involved in several high-profile use cases, including Project Genesis, a collaboration between the BIS Innovation Hub and the Hong Kong Monetary Authority to investigate tokenizing green bonds.

It has partnered with Link REIT of Hong Kong to tokenize solar panels installed on its properties. Project Ubin Phase 5 of the Singapore Monetary Authority included many use cases, including one in which Allinfra tokenized infrastructure using smart contracts.

BOOSTRY, Nomura's security token issuance platform, recently joined with JPX, the operator of the Tokyo Stock Exchange, on a green bond project.

The Japanese company is focusing more on digital assets. It launched the Komainu joint venture for digital asset custody in 2018. It announced last week that it is forming a new digital assets business to handle cryptocurrencies, stablecoins, DeFi, NFTs, and other tokens.