ChainCatcher news, according to FinanceFeeds, the Stuttgart Digital Exchange announced a partnership with Amazon Web Services (AWS) to enhance its scalability and facilitate the expansion of its crypto infrastructure, broadening its product offerings for European financial institutions.The Stuttgart Stock Exchange Group initially provides ESG data for about 30 cryptocurrencies, which was made available after the release of the EU MiCA regulation, which established transparency requirements for crypto asset service providers, mandating these providers to disclose sustainability data for the cryptocurrencies they offer.

ChainCatcher news, according to FinanceFeeds, Germany's second-largest stock exchange, Boerse Stuttgart, will expand its market data to include cryptocurrency ESG (Environmental, Social, and Governance) data provided by Crypto Risk Metrics, and distribute it through Boerse's existing network. Initially, ESG data for approximately 30 cryptocurrencies will be available, with plans for further expansion.This move aligns with the upcoming EU MiCA (Markets in Crypto-Assets) regulation, which requires cryptocurrency providers to disclose sustainability data. Ethereum has received an AA rating, while Solana and Cardano have been rated as A. This service will enable banks, brokers, and cryptocurrency providers to easily comply with regulatory requirements.

ChainCatcher news, according to official sources, the oracle project Nubila, which provides ESG data specifically for the decentralized physical infrastructure network (DePIN) ecosystem, has launched a new round of financing, led by IoTeX and VeChain+ Boston Consulting Group, and has raised $2.5 million so far. OrangeDAO, MH Ventures, Future Money Group, SNZ Capital, DePINsurf, Kronos Research, Taisu Ventures, Bytetrade, WaterDrip, Deepin Lab, Assembly Partners, Cyber, Radiance Ventures, and Genopets also participated.It is reported that Nubila focuses on providing accurate ESG data for the DePIN ecosystem, aiming to leverage AI and tokenization to promote sustainability. The funds will be used to expand its ESG data network, enhance data accuracy, and increase user engagement. Nubila plans to capture key environmental data through advanced weather stations and sensor networks to improve the accuracy of ESG assessments.

ChainCatcher news, the Hong Kong Securities and Futures Commission today published its "2023-24 Annual Report," which reveals four key strategic focuses for the Commission over the next three years. It mentions that it will lead market transformation through technology and ESG, implement tokenization to enhance industry efficiency, and continue to improve the regulatory framework for virtual assets.In addition, it also stated the need to maintain market resilience and reduce harm, and will continue to combat various types of misconduct related to virtual assets.

According to ChainCatcher news, as reported by CoinDesk, a small crypto asset management company focused on environmental, social, and governance (ESG) investments, 7RCC, has recently submitted an application to the U.S. Securities and Exchange Commission (SEC) for a spot Bitcoin and carbon credit futures exchange-traded fund (ETF).Founded in 2021, 7RCC aims to provide ESG-focused investors with access to crypto and blockchain-related assets. The company began preparing its ETF application 18 months ago but waited to submit it until the appropriate infrastructure was established, which has delayed its entry into the competition compared to other applicants like Ark 21Shares, Grayscale, and BlackRock.7RCC's crypto ETF differs from other applicants in that 80% of its assets will be composed of Bitcoin, while the remaining portion will hold carbon credit futures. Gemini will provide custody services for the Bitcoin in the fund. The application document did not mention a custodian for cash and cash-equivalent assets.

ChainCatcher news, KPMG has released a report highlighting the positive impact of Bitcoin on environmental, social, and governance (ESG) standards. The report argues that Bitcoin mining can help incentivize clean energy production, enhance financial inclusion, and even reduce greenhouse gas emissions from industrial activities.Additionally, the report points out that Bitcoin provides numerous social benefits in low-income countries, particularly by lowering the cost of cross-border payments, which is crucial for immigrants from developing countries working abroad and regularly remitting money to their hometown relatives. In Africa, Bitcoin mining also helps subsidize the power grid, providing electricity to millions and reducing costs for consumers.

ChainCatcher news, the CEO of the Hong Kong Securities and Futures Commission (SFC), Ashley Alder, stated in a speech at the annual meeting of the Hong Kong Investment Funds Association that, "The SFC is committed to driving growth. We understand that investment products in the market need to innovate to keep pace with the times and meet the ever-changing demands of investors. We are currently focusing on three main areas: Environmental, Social, and Governance (ESG), virtual assets, and RMB-denominated products."Regarding the work related to virtual asset products, Alder mentioned, "The demand for these products has been rising in recent years, and we have introduced measures to encourage responsible technological innovation and support the fintech industry. We have recognized the first batch of virtual asset futures ETFs, which primarily invest in virtual asset futures traded on the Chicago Mercantile Exchange, including the world's first Ethereum futures ETF and Asia's first Bitcoin futures ETF. Two weeks ago, we released guidelines for licensed virtual asset trading platform operators. Similar to the virtual asset futures ETFs, we have implemented several measures to protect investor interests, such as specifying requirements for the inclusion criteria of tokens available for retail investors to trade."Additionally, although Alder pointed out that the investment environment remains challenging, she stated, "We do not forget that there are opportunities in crises. The 'opportunities' include the reopening of the Chinese economy, digital transformation, the third generation of the internet (Web3), and generative artificial intelligence (generative AI), all of which are significant opportunities for driving innovation and sustainable investment." (source link)

ChainCatcher news, EY announced the launch of the beta version of EY OpsChain ESG on its blockchain SaaS platform. The new solution developed on the Ethereum blockchain will provide a single, verifiable view of carbon emissions (CO2e) to address the needs of businesses striving to accurately measure and track their carbon footprint.It will also provide the transparency demanded by consumers, business partners, and regulators through a trusted platform, enabling emissions and carbon credit tracking within an ecosystem through tokenization. (Source link)

Chain Catcher news, BitMEX CEO Alexander Höptner stated that institutional investors remain interested in cryptocurrencies and Ethereum, and the bear market provides more time for institutions and financial participants to innovate.Alexander pointed out that the Ethereum merge aligns with ESG (Environment, Social Responsibility, Corporate Governance) principles, and institutions will begin to re-enter Ethereum; Ethereum is an ideal protocol for building ESG-compliant financial products, and ESG compliance is crucial. (cointelegraph)