Hong Kong–based Link REIT and Allinfra have plans to collaborate on the use of blockchain technology for the tokenization of assets, commencing with a pilot solar project. This partnership represents the coming together of two parties seeking to apply blockchain technology to enhance the development of sustainable infrastructure.
The pilot solar project will involve the installation of photovoltaic arrays on a portfolio of real estate assets in Hong Kong, with the economic, ownership or associated carbon reduction interests in those photovoltaic projects represented by tokens on the Ethereum blockchain. Link REIT has a portfolio comprising retail facilities, car parks and offices across Hong Kong, Beijing, Shanghai, Guangzhou and Shenzhen implementing a sustainable business model, and is seeking to be at the forefront of innovation in the development, financing and implementation of sustainable solutions.
Allinfra is a developer of blockchain-based solutions for the tokenization of unlisted infrastructure and environmental assets, and is the exclusive technology partner for Link REIT's pilot solar project, providing all technology and resources related to the tokenization of photovoltaic arrays on selected rooftops in the Link REIT portfolio.
Allinfra is the culmination of years of experience across capital markets, renewables, infrastructure and technology, and is led by a team of veteran industry experts.
"Link REIT has an extensive and ambitious ESG program. We are exploring the potential of blockchain technology to develop innovative and robust ESG solutions in areas such as carbon reduction and data management. With their refined asset specific knowledge, years of experience across capital markets and their partnership with ConsenSys, Allinfra stood out in the market for us," said Calvin Lee Kwan, general manager, corporate development and strategy, at Link REIT.
