Huge news out of Australia today with the Commonwealth Bank's announcement on the creation of biodiversity tokens to be traded in a digital marketplace. It's great to see this kind of innovation being embraced and supported by our largest bank!
"There may also be future possibilities to apply the tokenised digital asset concept to other government-created rights to deliver more efficient digital distribution of scarce resources, while enabling governments to control and manage the schemes with real-time data."
https://www.commbank.com.au/guidance/newsroom/blockchain-biotokens-biodiversity-marketplace-201908.html
First Growth Funds - Investment Portfolio Overview (Updated Aug 19), page-125
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