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OnGreen, the Web3-enabled platform bridging green technology with MENA's transformation needs, today announced the appointment of Abbie Tsang as an Advisor. Abbie brings over 15 years of business development leadership, most notably as Head of SME Business Development at American Express Hong Kong, where she delivered 190% portfolio growth and consistently exceeded sales targets by 275%. A Certified ESG Planner, Abbie merges growth strategy with sustainability metrics, helping organizations unlock new market opportunities while mitigating risk. Her expertise spans go-to-market strategy, strategic partnerships, and purpose-led client solutions. At OnGreen, Abbie will lead partnership expansion, connecting ESG experts, industry associations, investors, and enterprises. She will advise on B2B client acquisition and spearhead commercialization of OnGreen platform's cutting-edge suite of services. "I have spent my career helping businesses grow by aligning commercial strategy with market needs," said Abbie. "What excites me about OnGreen is applying this experience to something truly transformative. By bringing together ESG expertise, strategic partners, and enterprise clients, we can accelerate OnGreen's technology adoption across MENA—creating synergy that delivers both environmental impact and tangible business value."

ChainCatcher news, as disclosed by crypto journalist Eleanor Terrett, the U.S. Securities and Exchange Commission (SEC) has officially revoked the extended proposal for the "Custody Rule" and Rule 3b-16, along with other rules during Gary Gensler's tenure. The "Custody Rule" aimed to cover all customer assets, including crypto assets, expanding the definition of "custody" and raising concerns about whether certain state-chartered entities should be recognized as qualified custodians.Rule 3b-16 proposed to regulate decentralized finance (DeFi) exchanges/platforms as national securities exchanges. Additionally, the SEC has also abandoned the proposal requiring public companies to comply with enhanced environmental, social, and governance (ESG) disclosure requirements.

ChainCatcher news, according to Cointelegraph, R3 Sustainability and Chintai have launched a $795 million RWA ESG (Environmental, Social, and Governance) fund.The fund includes four main development programs, one of which is a $50 million remote workforce housing initiative, providing $150 million in near-term capital expansion opportunities. Secondly, there is a $165 million early development fund for industrial projects, and a $180 million reverse osmosis desalination plant fund, focusing on providing large industrial complexes in Texas. Granowski stated that the opportunity for the RWA fund lies in large-scale investments in utility infrastructure.

ChainCatcher news, according to Bloomberg senior ETF analyst Eric Balchunas, Bitcoin spot ETFs have had a strong start this year, with inflows reaching $4.2 billion, accounting for 6% of all ETF inflows. Since their launch, net inflows have exceeded $40 billion, with assets under management (AUM) reaching $121 billion and a return rate of 127%. Currently, the asset size of Bitcoin spot ETFs has surpassed that of ESG ETFs ($117 billion) and is comparable to that of gold spot ETFs.

ChainCatcher news, reported by Crowdfundinsider, indicates that the crypto trading platform provider Talos has partnered with Crypto Risk Metrics to provide environmental, social, and governance (ESG) data to its regulated clients, in order to comply with the sustainability disclosure requirements of the EU's Markets in Crypto-Assets Regulation (MiCA).It is reported that Crypto Risk Metrics is a company that offers a software-as-a-service (SaaS) platform focused on the listing and delisting of digital assets and providing ESG data for crypto asset service providers. The platform currently serves several companies, including Bitpanda, Bank Frick, Coinmerce, and dwpbank, helping them meet the compliance requirements of MiCA regulations.

ChainCatcher news, Layer1 blockchain and smart contract platform Sui announced a partnership with Ant Group and its Web3 technology brand ZAN, aiming to accelerate the integration of RWA (Real World Assets) into the Web3 ecosystem globally. The two parties will introduce the tokenization of real-world assets in the ESG field to the Sui blockchain platform, better supporting the development of the real economy through RWA. In August of this year, Chinese new energy company Langxin Group completed approximately 100 million RMB in "charging pile" RWA.Industry insiders believe that RWA connects assets and the supply-demand sides of funds, helping to activate high-quality existing assets of small and medium-sized enterprises, enhance the liquidity of heavy assets, and empower the real economy.

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)