Vireo, Going Green with Blockchain in the MENA region

Creating new financing channels

As the world focuses more on the environment and climate change, and as people around the globe become ecologically more responsible, Vireo, a Singapore based Fintech startup has addressed this by bridging Blockchain and Fintech with ecologically friendly projects. Vireo has created a digital private exchange that will issue security tokens to enable the financing of all types of green projects producing green commodities such as renewable energy and clean water.

Investors can jump into projects whenever they want mitigating the risk. Some investors can invest during the construction phase, others once the project is up and running. These investors can then, easily exit and exchange financially green products, backed by green assets using the Blockchain.

The digitization of green assets would not have been possible if it were not for the Blockchain. The Blockchain ensures full transparency of the new financing channels, lowering the costs of operations, storing the documents and managing the smart contracts, enabling Vireo to issue security tokens that will reward investors with the same tokens.

The offering will attract not only digital investors using cryptocurrencies but also traditional investors using regulated financial instruments, while giving them the option to convert to digital assets if they choose to. This in and of itself allows Vireo to open new investment channels for green projects not possible before. This is especially useful in emerging and developing countries where financing is difficult.

The MENA region

Vireo’s Frederic Delaroche, Founder and CEO, Vireo states “We really want to focus on the MENA region, because it has both the financial means as well as the political willingness to counter climate change and offer alternative environmentally friendly energy production projects.  This is especially the case of countries such as the UAE and Kingdom of Saudi Arabia.”  He adds, “We are looking forward to developing partnerships in the region focusing on renewable energy projects and sustainable development solutions.”

Vireo’s Competitive Advantage

Today, Vireo is the only Blockchain startup investing in green financing solution. With its flexible and hybrid approach mixing both traditional and digital features, it is opening up new financing opportunities at any stage of the project. According to Delaroche, “Vireo project will generate more than 6% p.a. FIAT returns on average from duly vetted and verified green assets.”

Delaroche adds, “We aren’t just promoting the usage of renewable energy among citizens or allowing them to reduce electricity or even providing mass crowd funding we are actually creating new financial channels for environmental green projects on a global scale. We are on the edge of all new development in terms of risk mitigation for climate change, as we replicate the traditional financial markets and put them on the Blockchain.”