These companies put solar panels on blockchain

The BVT Group plans to partner with Munich-based fintech Gubbi to design digital assets for the renewable energy sector. Specifically, this is to be achieved through the tokenization of various industry assets. Existing assets will be digitally mapped via a separate token on blockchain technology.

In the case of the two companies, solar energy tokens will be marketed. Gubbi will provide the technical infrastructure. The digital assets will be issued with an issue volume in the "triple-digit millions" over multiple tranches, according to the press release.

"Digital assets enable more flexibility and fungibility for our customers. This allows us as BVT to tap into new target groups and markets," explains a BVT spokesperson.

"The upcoming solar token positions BVT as a true asset company as an innovation leader in the financial sector when it comes to combining renewable energy and blockchain," added a spokesperson for Gubbi AG.

In general, the field of tokenization is considered promising. The U.S. Federal Reserve published its own report on this in September. Read more here: Federal Reserve publishes paper on tokenization