Northern Trust and NUS Forge Partnership to Advance Green Finance Innovation
Northern Trust (NTRS) has signed a three-year Memorandum of Understanding with the National University of Singapore (NUS) to advance green finance innovation and blockchain technology adoption. The partnership's key initiative involves leveraging Northern Trust's Matrix Zenith platform for tokenizing green bonds, enhancing transparency and streamlining regulatory reporting.
The collaboration aims to develop solutions for ESG finance challenges and create a framework for tokenizing green assets. NUS becomes Singapore's first university to implement blockchain for ESG reporting. The partnership includes academic engagement through the Singapore Blockchain Innovation Programme at NUS School of Computing, involving research fellows and PhD candidates in solution development.
Northern Trust (NTRS) ha firmato un Memorandum of Understanding di tre anni con la National University of Singapore (NUS) per promuovere l'innovazione nella finanza verde e l'adozione della tecnologia blockchain. L'iniziativa principale della partnership prevede l'utilizzo della piattaforma Matrix Zenith di Northern Trust per la tokenizzazione delle obbligazioni verdi, migliorando la trasparenza e semplificando la rendicontazione regolamentare.
La collaborazione mira a sviluppare soluzioni per le sfide della finanza ESG e creare un framework per la tokenizzazione degli asset verdi. La NUS diventa la prima università di Singapore a implementare la blockchain per la rendicontazione ESG. La partnership include un impegno accademico attraverso il Singapore Blockchain Innovation Programme presso la NUS School of Computing, coinvolgendo ricercatori e candidati al dottorato nello sviluppo di soluzioni.
Northern Trust (NTRS) ha firmado un Memorando de Entendimiento de tres años con la National University of Singapore (NUS) para avanzar en la innovación en finanzas verdes y en la adopción de la tecnología blockchain. La iniciativa clave de la asociación consiste en aprovechar la plataforma Matrix Zenith de Northern Trust para la tokenización de bonos verdes, mejorando la transparencia y agilizando la presentación de informes regulativos.
La colaboración tiene como objetivo desarrollar soluciones para los desafíos de financiación ESG y crear un marco para la tokenización de activos verdes. La NUS se convierte en la primera universidad de Singapur en implementar blockchain para la presentación de informes ESG. La asociación incluye el compromiso académico a través del Singapore Blockchain Innovation Programme en la NUS School of Computing, involucrando investigadores y candidatos a doctorado en el desarrollo de soluciones.
노던 트러스트(NTRS)는 국립 싱가포르 대학교(NUS)와 3년 기한의 양해각서를 체결하여 녹색 금융 혁신과 블록체인 기술 채택을 촉진하고자 합니다. 파트너십의 주요 이니셔티브는 노던 트러스트의 매트릭스 제니스를 활용하여 녹색 채권을 토큰화하고 투명성을 높이며 규제 보고를 간소화하는 것입니다.
이번 협력은 ESG 금융 과제를 해결하기 위한 솔루션을 개발하고 녹색 자산의 토큰화 프레임워크를 만드는 것을 목표로 하고 있습니다. NUS는 ESG 보고를 위한 블록체인 도입에 있어 싱가포르 최초의 대학이 됩니다. 파트너십은 NUS 컴퓨팅 스쿨의 싱가포르 블록체인 혁신 프로그램을 통해 학술적 참여를 포함하며, 연구원과 박사 과정 후보자들이 솔루션 개발에 참여합니다.
Northern Trust (NTRS) a signé un protocole d'accord de trois ans avec la National University of Singapore (NUS) pour faire avancer l'innovation en matière de finances vertes et l'adoption de la technologie blockchain. L'initiative clé du partenariat consiste à tirer parti de la plateforme Matrix Zenith de Northern Trust pour tokeniser les obligations vertes, en améliorant la transparence et en rationalisant le reporting réglementaire.
La collaboration vise à développer des solutions pour les défis de financement ESG et à créer un cadre pour la tokenisation des actifs verts. La NUS devient la première université de Singapour à mettre en œuvre la blockchain pour le reporting ESG. Le partenariat inclut un engagement académique à travers le Singapore Blockchain Innovation Programme à la NUS School of Computing, impliquant des chercheurs et des doctorants dans le développement de solutions.
Northern Trust (NTRS) hat ein dreijähriges Memorandum of Understanding mit der National University of Singapore (NUS) unterzeichnet, um Innovationen im Bereich grüner Finanzierungen und die Einführung von Blockchain-Technologie voranzutreiben. Die wichtigste Initiative der Partnerschaft besteht darin, die Matrix Zenith-Plattform von Northern Trust zur Tokenisierung grüner Anleihen zu nutzen, um die Transparenz zu verbessern und die regulatorische Berichterstattung zu optimieren.
Die Zusammenarbeit hat zum Ziel, Lösungen für Herausforderungen im Bereich ESG-Finanzierung zu entwickeln und einen Rahmen für die Tokenisierung grüner Vermögenswerte zu schaffen. Die NUS wird zur ersten Universität in Singapur, die Blockchain für ESG-Berichterstattung implementiert. Die Partnerschaft umfasst akademische Engagements im Rahmen des Singapore Blockchain Innovation Programme an der NUS School of Computing, bei dem Forschungsstipendiaten und Doktoranden an der Entwicklung von Lösungen mitwirken.
- Strategic partnership with leading academic institution to develop green finance solutions
- Implementation of blockchain technology for ESG reporting through Matrix Zenith platform
- Enhancement of transparency and regulatory reporting capabilities for sustainable investments
- None.
Insights
The partnership's focus on tokenizing green bonds through Northern Trust's Matrix Zenith platform represents a significant technological advancement in ESG reporting. By bringing green credentials on-chain, this initiative addresses two critical challenges in sustainable finance: transparency and regulatory compliance. The blockchain implementation will create an immutable record of ESG credentials, making it substantially harder to engage in "greenwashing" while simultaneously reducing the administrative burden of ESG reporting.
The collaboration with NUS's School of Computing and SBIP adds substantial research and development capabilities, potentially accelerating the development of practical blockchain applications for green finance. However, the success of this initiative will largely depend on market adoption and regulatory acceptance of blockchain-based ESG reporting standards.
This strategic partnership positions Northern Trust advantageously in the rapidly growing ESG market, particularly in Asia where sustainable finance is gaining significant momentum. The collaboration with a prestigious institution like NUS enhances Northern Trust's credibility in the green finance space and could lead to increased market share in the region. While the immediate revenue impact may be , the long-term benefits could be substantial as ESG-focused investing continues to grow. The initiative aligns well with increasing regulatory pressure for improved ESG reporting and verification, potentially giving Northern Trust a competitive edge in servicing institutional clients with ESG mandates.
Collaboration positions NUS as the first university in
The collaboration will focus on fostering cutting-edge research and developing actionable solutions to address the challenges of environmental, social, and governance (ESG) finance. A centerpiece of the partnership is a tokenization initiative leveraging Northern Trust’s Matrix Zenith platform, aimed at bringing the green credentials of bonds on-chain. This development will enhance transparency and streamline investors’ regulatory reporting obligations, aligning with global sustainability standards.
The MoU underscores Northern Trust’s commitment to advancing green finance by integrating technology into sustainable investment practices. The partnership seeks to create a framework for tokenizing green assets, enabling issuers and investors to better verify ESG claims and fulfill regulatory requirements for increased accountability in their portfolios.
Justin Chapman, Global Head of Digital Assets and Financial Markets at Northern Trust, said: “This collaboration with NUS represents a significant step forward in our efforts to harness blockchain technology for the betterment of sustainable finance. By bringing the green credentials of bonds on-chain, we are addressing investors’ need for transparency and reporting in a fast-evolving market.”
Yen Leng Ong, Country Executive,
The partnership will also contribute to academic engagements through Northern Trust’s partnership with the Singapore Blockchain Innovation Programme (SBIP), a research lab at the NUS School of Computing (SoC). Research fellows and PhD candidates at SoC will be involved to brainstorm, design and develop the solution to support the development of talent in the fields of blockchain technology.
Tan Kian Woo, Senior Vice President and Chief Financial Officer of NUS said: “We are excited to collaborate with Northern Trust on this important initiative. By combining our academic expertise with their tokenization platform, we aim to set a new benchmark for innovation in green finance, paving the way for a more sustainable financial future. Together, we aim to redefine sustainable finance for the future.”
About Northern Trust’s Matrix Zenith Platform
The Matrix Zenith platform is Northern Trust’s flagship solution for digital asset management and tokenization. With a focus on enhancing market efficiency, the platform enables the seamless tokenization of real-world assets while ensuring compliance with the highest standards of security and transparency. For more information about Northern Trust’s digital assets platform, visit https://www.northerntrust.com/asia-pac/insights-research/asset-servicing/digital-assets-financial-markets.
About Northern Trust
Northern Trust Corporation (Nasdaq: NTRS) is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in
Northern Trust Corporation, Head Office: 50 South La Salle Street,
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Camilla Greene
+44 (0) 20 7982 2176
Camilla_Greene@ntrs.com
Simon Ansell
+ 44 (0) 20 7982 1016
Simon_Ansell@ntrs.com
US &
John O’Connell
+1 312 444 2388
John_O’Connell@ntrs.com
http://www.northerntrust.com
Source: Northern Trust
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