Marui Group Issues 1.5 Billion Yen Digital Green Bond

IconCryptoNewsTerminal Staff14 Jun, 2024

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Marui Group Issues 1.5 Billion Yen Digital Green Bond

Marui Group, a major Japanese department store chain, has issued 1.5 billion yen (about $14 million) worth of digital green bonds through Securitize Japan, a platform for issuing and trading security tokens. The proceeds from the bond issuance will reportedly be used to purchase renewable energy power plants. This move is part of Marui Group's commitment to sustainability and its goal of achieving net-zero emissions by 2050. The digital green bond issuance is a significant development in the Japanese market, as it marks the first time a non-financial company has issued a digital bond. It also highlights the growing interest in sustainable investing, as investors increasingly seek to align their portfolios with their environmental and social values.

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