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The projective finance, a financial platform focused on the Sustainability of the real world (RWA), launched a $ 7 million rental fund for public schools in Illinois and provided decentralized financial investors (defi) direct access to urban infrastructure projects in the United States.
The rental fund will finance the installation of solar energy in the school districts in Illinois, while the infrastructure loans have been carried out onchain, the projective finances said.
Using blockchain technology “What traditionally requires more intermediaries, funds of funds and minimal investment in tens of millions can now be approached directly with full transparency,” said Josh Chinnaswamy, co -founder of projective financing.
Projective finances allow investors to participate in projects supported by government institutions, which usually have high credit ratings and a lower risk of failure. The platform does not provide exposure to cryptocurrencies, but instead focuses on the initiatives of renewable energy supported by the government.
Projective infrastructure is built on an avalanche, blockchain layer-1 developed by AVA Labs, designed for scalability and interoperability.
Accredited Investors can participate in the Injective Credit Fund using USDC (USDC) Stablecoin.
The State of Illinois will act as a guarantor for the project lending, with all the projects involved are evaluated Moody’s rating agencyThe company said.
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“Solar projects face massive narrow financing”
The US solar market has increased significantly in recent years and, according to 2024, exceeded 160 gigawatts installed capacity A world source institute. Solar energy now represents an estimated 5% to 6% of the total supply of electricity in the country, which in 2020 almost doubled its share.
Solar projects are also customized at urban level, especially in school districts. By 2024, one of the nine students K – 12 would attend a solar energy -powered school, according to 2022 Generation180 message.
“Thousands of projects prepared for shovel [are] Inactivity, because traditional financing cannot effectively serve this market, ”said the co -founder of Project Finance Atticus Francken, who described solar projects as” massive financial narrow place “.
Tokenization is widely perceived as a way to transform solar financing by being more accessible, more efficient and transparent.
In 2022 BNP Paribas note This tokenization could help catalyze renewable energy and investment aimed at ESG by providing “more transparent investment opportunities” and providing smaller projects a much wider range.
Projectives are not the only platform investigating tokenized investment in green energy. As Cointlelegraph reportedThe Italian company Enel Greed Enel Group has joined the provider of crypto wallet to allow fraction of solar panels on the blockchain algorand. The tokenized product allows residents to benefit from solar energy without physical installation.
Related: SEC terminates the “Regulation on the recovery of“ Calling tokenization ”of Innovation
