Zug, Switzerland – In a strategic move to promote sustainable digital finance, The Hashgraph Association (THA), based in Zug, Switzerland, has pledged $1.5 million to the Global Center for Sustainable Digital Finance. This partnership positions THA as a founding member and a key player in advancing research and innovation that bridges sustainability with digital finance.
The Global Center for Sustainable Digital Finance, a collaborative venture involving Stanford University, the University of Zurich, and the Korea Advanced Institute of Science & Technology, aims to accelerate impactful research and train individuals globally to drive innovation in sustainable digital finance. With THA's financial support, the Center is set to intensify its efforts to tackle pressing global issues in banking, ESG, and climate finance.
Beyond funding, The Hashgraph Association will actively collaborate with the Center, utilizing its state-of-the-art Hedera DLT platform for project development and implementation. The association is committed to training 360 students annually in distributed ledger technology (DLT) over a six-year period, culminating in 2,160 trained professionals equipped with Hedera Hashgraph skills. Additionally, 60 trainers will be certified during this period, and all participants will receive Hedera certifications as NFTs, reflecting a modern approach to credentialing.
Kamal Youssefi, President of THA, emphasized the organization's dedication to supporting sustainable finance solutions. He highlighted a study by University College London that identified Hedera as the most sustainable network, aligning perfectly with THA's initiatives in Web3 research and sustainable project support.
A UNDP survey underscores the global need for a digital finance strategy, with only 40% of involved countries having one. THA’s collaboration aims to bridge this gap, enhancing sustainable digital finance through research, education, and implementation.
Thomas Puschmann, Executive Director of the Global Center, expressed enthusiasm for the partnership, noting the potential for technologies like DLT, AI, and IoT to improve transparency in climate financing and combat corruption in funding SDG projects.
Earlier this year, THA launched a $50 million Sustainability Venture Studio and partnered with Deloitte to advance corporate ESG impact verification. This partnership with Deloitte NL Risk Advisory B.V. focuses on tracking and tokenizing sustainability claims on Hedera, advancing the goal of a carbon-neutral future.
