R3 Sustainability and Chintai Partner to Launch $795 Million Tokenized ESG Fund

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Foresight News reported that, according to Cointelegraph, R3 Sustainability has partnered with Chintai to launch a new blockchain-based sustainable investment fund. R3 Sustainability will utilize Chintai's Layer1 blockchain to develop a $795 million real-world asset (RWA) tokenization fund focused on environmental, social, and governance (ESG) investments. The fund includes four major sustainable development projects, including a $50 million energy-efficient remote workforce housing initiative with the potential to scale to $150 million in capital in the near term; a $165 million early-stage industrial project development fund; and an $180 million reverse osmosis seawater desalination plant fund focused on serving a large industrial complex in Texas. The RWA fund will also reserve $300 million for resource efficiency programs aimed at converting chemical plant waste solids into fertilizer products for use in North America.

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