- XECO Limited and CS-PRO Limited announced the collaboration to launch one of the world’s first green security token offerings (G-STO) for the NEV sector.
- G-STO prioritizes investor protection through a combination of traditional measures, such as KYC/AML compliance, business governance, risk assessment, and yearly financial audits.
XECO Limited, a New Energy Vehicles (NEV) solution provider based in Hong Kong, and CSPRO Limited, a corporation licensed by the Securities and Futures Commission to carry out a distribution platform in Hong Kong specializing exclusively in security token offering (STO), announced the collaboration to launch one of the world’s first green security token offering (G-STO) for the NEV sector.
According to the International Energy Agency, automobile emissions accounted for 48 per cent of global transport carbon dioxide emissions in 2022.
New Energy Vehicle (NEV) refers to automobiles that are fully or predominantly powered by electric energy. NEVs are a major step forward in the aim to get to a zero-carbon transport sector. It predicted that the global demand for NEVs will be four-fold from 2022 to 2030, surging to 45 million units.
Also, this collaboration between XECO and CS-PRO marks an exciting milestone. It represents a major leap forward in pioneering the financing model and investment plan for NEV charger projects through blockchain technology in the NEV industry.
Targeting professional investors, each participant of G-STO has real-time visibility into the product/service utilization and estimated return based on the business performance of the NEV charging project.
Likewise, utilizing cutting-edge blockchain technology on Ethereum, G-STO lowers financial barriers in the private equity market and empowers a larger audience to engage in the NEV revolution.
G-STO prioritizes investor protection through a combination of traditional measures, such as KYC/AML compliance, business governance, risk assessment, and yearly financial audits.
Together with smart contract automation and data transparency on the blockchain, it offers investors unprecedented visibility into product/service utilization, business performance, and expected dividends from their investments.
This groundbreaking G-STO is poised to revolutionize the landscape of Environmental, Social, and Governance (ESG) investing and pave the way for a cleaner, more resilient future. At the same time, it introduces a transparent, secure, and replicative investment model that allows investors to reap financial returns from NEV businesses while fostering a sustainable planet.