Dec 11, 2023
Frigg Joins Julius Baer Global Web 3.0 Program To Transform Sustainable Finance
Frigg, an award-winning Swiss startup, announces its partnership with the Julius Baer Global Web 3.0 Program, in collaboration with Tenity. This initiative connects Julius Baer with innovative Web 3.0 startups across Europe and Asia Pacific, focused on exploring and integrating new technologies in the wealth management industry.
The program involved a thorough market scouting process, identifying Web 3.0 startups aiming to revolutionize the wealth management sector. Following an in-depth assessment phase, five standout startups were chosen for a four-month engagement phase. This phase sees tailored interactions between the pioneering startups and Julius Baer stakeholders as they collaborate to identify key industry use cases and execute targeted experiments.
“Joining the Julius Baer Global Web 3.0 Program marks a pivotal step for Frigg. We’re eager to bring our innovative blockchain solutions to the forefront of wealth management, driving transformative change alongside industry leaders.”
Philip Berntsen, CEO and Founder of Frigg
Frigg has made significant strides in connecting sustainable infrastructure developers with capital markets while reducing financing costs and increasing liquidity.
Sign up for early access to the Frigg platform.
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Frigg aims to help small-to-medium blue-chip renewable developers, carbon removal or other decarbonization asset owner/developer access financing via blockchain rails by tokenizing debt of their project SPVs. After six months of hard work, the company went live with a proof of concept in September 2022.
Governments and companies are committing to ambitious carbon reduction goals for years, but investors are struggling to find projects where they have promised returns and invest sustainably. Financing of sustainable projects need to be significantly upscaled to achieve climate goals.