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One-stop registry of ESG data and certifications for financial institutions, corporates, and SMEs, empowering the financial sector and multiple industries across Asia towards sustainability and net zero via holistic data, digital tools, and effective ESG financing. CO2X Pte Ltd (“CO2X”) signed a Memorandum of Understanding with key industry and association leaders from the Transport and Logistics, and Finance sectors. Maxeon has embarked on leveraging holistic ESG data and digital tools on ESGpedia for monitoring the sustainability performance of suppliers in its end-to-end supply chain. Via the partnership, Maxeon is enabled to select suppliers based on their emissions and provide greater transparency of its carbon footprint for its stakeholders.
In May, we were generously hosted at the Everest Room, Google Asia Pacific, Singapore office for the launch of our ESGpedia platform in partnership with the MAS and key partners from the world of asset management, banks, exchanges, insurers, and financial services. STACS and Everimpact headquartered in France today announced their partnership to provide banks and corporates involved in the carbon market with greater transparency and trust. We are thrilled to have collaborated with UBS, State Street, CMS Holborn Asia, as well as our blockchain partners Tezos and STACS on this groundbreaking initiative to bring efficiencies to the fund investment and management industry. These funds in the real estate, private equity, and venture capital world, typically suffer from a lack of liquidity, high barriers to entry, and are burdened with paper-based processes that add to the costs of this competitive industry.
Eastspring Investments, BNP Paribas Securities Services and STACS collaborate to develop blockchain-powered trade lifecycle management solution, unlocking efficiencies while reducing costs for financial institutions. The industry partners contributed their various domain expertise towards the final ESG-enabling and interoperable end-to-end DLT-enabled bonds lifecycle management solution for the financial industry. The technical integration allows for ongoing project data from U-Reg to be ingested on the ESGpedia registry, starting with the renewable energy sector from projects in Europe, with future plans to cover other sectors.
The certification is awarded for STACS’s DLT-based platform, Vetta, which enables enhanced ESG finance. How can green fintech and ESG data help the hospitality industry in Singapore and across Asia achieve ESG finance and decarbonization? At CWT, we embed ESG and technology in the company to optimise operating and cost efficiency, reduce carbon footprint and create a great workplace culture while ensuring effective corporate governance.
Insights from COP27: Key takeaways on ESG Finance from STACS
As part of the continuing development of the Gibraltar Stock Exchange Group ecosystem, and the Gibraltar Blockchain Exchange user onboarding experience, as of Monday, May 6th, a new KYC centre called the ‘GSX… STACS Token is the GSX Group’s upgraded ERC-20 token that will replace RKT as the utility token of GBX’s ecosystem. STACS has the same utility aspects as RKT, therefore, sponsor fees, listing fees, and trading fees will be paid in STACS token and all of the current membership aspects of RKT will be enjoyed by STACS holders in exactly the same way. The Gibraltar Blockchain Exchange announced it will be officially moving from the ROCK token, used to raise funds during its ICO at the beginning of the year, and will transition to the STACS token. Hold and temporarily lock STX, Stacks’ native currency, and support the network’s security and consensus.
These allow the user to control the rule packs, ignore lists, and a cache directories to use. STACS announced today that it has become a portfolio company of PwC Singapore’s Venture Hub programme. The joint business relationship will bring about synergies between the two firms, while helping to elevate trust placed in distributed ledger technology by the financial services industry and driving adoption. Ray Ferguson, the former CEO of Standard Chartered Singapore, has joined homegrown fintech start-up, STACS, a leading Singapore-headquartered fintech development company providing transformative technology to the financial services sector, as Chairman. CDAS is proud to be supporting Singapore’s Green Plan roadmap to reduce carbon emissions in the industry, and will support efforts to reduce its carbon footprint through automation, digitalisation, smart technology, as well as exploration of alternative fuels.
The Securities Trading Asset Classification Settlement Protocol is a scalable ledger network layer that seamlessly stacks on top of existing financial institutions and enables the tokenisation of the complete financial industry with zero inertia. STACS is one of seven startups globally to be admitted into the programme, and one of two within Singapore. Amongst the seven companies selected, STACS spearheads ESG fintech by enabling enhanced ESG finance and high quality carbon credits. Together with Mastercard, STACS will seek to expand and accelerate innovation around digital asset technology and make it safer and easier for institutions to adopt blockchain technology.
Walking the talk as Asia’s leading ESG FinTech, we also incorporated CSR in the main agenda, through a day of Beach Cleanup. ESG Registry, which will provide a single point of access to reliable ESG certifications across different stacs token sectors. This information is automatically propagated through into reports, so “ignored” findings will be marked as “suppressed” in SARIF output while also including the reason for the ignore in the output for tracking.
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Citadines Bali will be the first hotel in Bali to adopt digital tools to track emissions from its operations, which can be replicated to enable other hotels or buildings who are transforming to be more sustainable by utilising holistic ESG data and digital tools. The partnership involves the technical integration of EnOSTM, Envision Digital’s net zero platform for decarbonisation to the ESGpedia digital registry, which powers the ESG Registry of the Monetary Authority of Singapore’s (‘MAS’) Project Greenprint. STACS detects static credentials using “rule packs” provided to STACS when run. These rule packs define a set of YARA rules to run against files provided to STACS.
Singapore will continue leading the region’s sustainable development towards net zero and ESG Finance, across various industries including carbon credits, fashion and textile, real-estate, hospitality, e-commerce, and more. Read our 2023 ESG Finance outlook on how every sector needs to step up their green efforts this year, or fear losing competitiveness and being left behind. The partnership with STACS, industry participants and regulators demonstrated that blockchain technology can deliver increased efficiencies, transparency and trust that can benefit the bond market. These are key values that ensure we remain responsible for our efforts to develop a vibrant and attractive marketplace. The case for going green today is becoming clearer for businesses across all industries and regions, but for real change to take place, SMEs need to have practical ways to measure and monitor their carbon footprint.
- By analysing the data collected, Aviva Singlife will be able to better assess and provide reduced insurance premiums for logistics operators.
- The partnership is powered by STACS’ Carbonpal platform, which is a carbon credits digital management platform that facilitates the fractionalisation of carbon credits for purchase by end consumers.
- ESGpedia aggregates, records, and maintains the provenance of holistic and forward-looking ESG certifications and data of companies across various sectors and global verified sources on a single registry.
- Ray Ferguson, the former CEO of Standard Chartered Singapore, has joined homegrown fintech start-up, STACS, a leading Singapore-headquartered fintech development company providing transformative technology to the financial services sector, as Chairman.
Gibraltar Blockchain Exchange , an institutional-grade, regulated and insured token sale platform and digital asset exchange, today has announced that Kurt Looyens, former Country Executive for ABN AMRO Bank Spain, has been appointed as… If the finding is found to be a false positive – that is, a match on something other than a real credential – the developer can generate a set of “ignore lists” to ensure that these matches don’t appear in future reports. The partnership largely focuses on supporting effective green and sustainability-linked loans, among other Environmental, Social, and Governance financing formats. STACS has been awarded the globally-recognised ISO certification for information security management systems.
Fuel for the Stacks network
STACS’ key updates from the festival, including showcases that features collaborations of clients and partners from leading global financial firms all over the world, and finally our astounding win at the MAS Global FinTech Innovation Challenge Awards 2020. STACS is featured in the May 2021 The World Economic Forum report, as one of the few live DLT platforms for effective Trade Lifecycle Management for the financial industry. The platform eliminates and streamlines bespoke trade matching parameters, resolving trade exceptions in real-time for asset mangers.
The Covid-19 pandemic has posed additional challenges to the complex and rapidly expanding ETD market. By using blockchain technology, we are transforming the ETD trade cycle for the entire industry through increased transparency, security and operational efficiency. Asset managers and brokers will now be able to leverage a single source of truth and focus on value-added activities for their clients.
Deutsche Bank and Singapore fintech STACS announce collaboration for digital assets Proof-Of-Concept
Our inclusive platform will lower the barriers for SMEs to incorporate sustainability practices and bridge the gap between businesses and financial services in a data-driven approach. To enable financial institutions and corporates to better mobilise capitals towards ESG projects. The real power from STACS comes from the automatic detection and unpacking of nested archives, and composable ignore lists and rule packs.
Covering ESG Financial Products, Vetta interacts with ESG data from ESGpedia, enabling effective and automated ongoing monitoring and lifecycle management. STACS detects static credentials using “rule packs” provided to STACS when run. These findings represent potential credentials inside of a file, and are reported on for a developer to remediate or “ignore”. Primarily, STACS provides a mechanism which allows users to define composable ignore lists which allow a set of findings to be “ignored”. These rules can be as coarse as ignoring all files based on a pattern, or as granular as a specific finding on a particular line of a file.
Working with STACS has been very smooth and seamless, and we certainly managed to learn from each other. The project is innovative, demonstrates significant efficiency gains and can be extended to other asset classes in the future. We built the solution with long-term partner Eastspring and Singapore fintech STACS, using an agile co-creation approach, leveraging the expertise of the BNP Paribas Design Factory in Singapore. It also addresses one of the Monetary Authority of Singapore’s ambitions to promote collaboration between local fintech firms and large corporates with a view to positioning Singapore as a regional digital hub. ESG Registry, which is sure to drive the growth of sustainable finance, both in Singapore and globally. Of capital towards sustainable projects, as well as the accurate tracking and quantification of emission reductions, abatement levels, and other sustainability KPIs linked with these projects.
We at OCBC are happy to partner with CO2X as it sets out to address this gap across a broad range of industries. We believe technology solutions like this will combine well with our green and sustainability-linked loans to help our SME customers across the region to successfully transition their businesses and projects. As the global economy emerges from battling the Covid-19 pandemic, governments and businesses are shifting gears to be more environmentally responsible. This transition to decarbonisation will also reconfigure the way global supply chains are organised and executed.
This cutting-edge ‘bond in a box’ POC successfully explored the synergies between Fintech and ESG, using distributed ledger and smart contracts capabilities with cross-platform interoperability for ESG-compliant digital securities. With innovation at the forefront of our strategy, it is important to us to actively contribute to, and participate in the future of capital markets from a post-trade servicing perspective. This POC allowed us to assess the practical handling of tokenized assets, as well as the opportunities and challenges that could arise from their commercialization in Singapore, and potentially in other markets.
The Gibraltar Blockchain Exchange , a crypto exchange launched in 2018, announced today that GBX is being rebranded as the Global Blockchain Exchange and will be based out of Estonia. As an example, STACS can be used to find static credentials in Docker images uploaded to public and private container registries. It can also be used to find credentials accidentally compiled in to executables, packages for mobile devices, and “enterprise archives” – such as those used by Java application servers.
With a common vision to enable sustainability amongst companies of all sizes, TÜV SÜD PSB and STACS today announced their partnership on ESGpedia, via TÜV SÜD’s Sustainability-as-a-Service programme. With Singapore being the long-standing data centre hub of Asia Pacific, RDA and STACS have entered a strategic partnership to provide a holistic platform to transform Singapore’s data centre industry, and shape a sustainable digital future, through STACS’ ESGpedia. This is aligned with the Infocomm Media Development Authority’s and Economic Development Board’s initiative that aims to allow the “calibrated and sustainable growth” of data centers in Singapore. The pressure is on for all sectors to commit to going green in 2023, with growing regulatory and business push.
It’s used to fuel smart contracts for Bitcoin, to reward miners on the open Stacks network, and enables holders to earn bitcoin by Stacking. Currently, STACS supports recursive unpacking of tarballs, gzips, bzips, zips, and xz files. As STACS works on detected file types, rather than the filename, propriatary file formats based on these types are automatically supported . Currently, https://cryptolisting.org/ STACS supports recursive unpacking of tarballs, gzips, bzips, zips, 7z, iso, rpm and xz files. Financial Market Infrastructures have time and again impacted all parties involved. In such unprecedented times and in the midst of disruptive transformation currently shaping the entire financial service industry, financial market infrastructure will not stay immune for much longer.
In order to allow flexible and collaborative usage, STACS supports composable ignore lists. This allows for an ignore list to include other ignore lists which enable composition of a “tree of ignores” based on organisational guidelines. These ignore lists are especially useful in organisations where many of the same frameworks or products are used. If a team has already marked a finding as a false positive, other teams get the benefit of not having to triage the same finding. STACS, a Singapore FinTech company focusing on Blockchain technology solutions for financial institutions, announced its partnership with EFG Bank to co-develop a Blockchain platform that will enhance and simplify the processes of structured products.