PANews reported on February 5 that according to Cointelegraph, R3 Sustainability has partnered with Chintai to launch a new sustainable investment fund based on blockchain. R3 Sustainability will use Chintai's Layer1 blockchain to develop a $795 million real asset (RWA) tokenized fund focusing on environmental, social and governance (ESG) investments.

The fund contains four major sustainable development projects, including a $50 million energy-efficient remote workforce housing program, with the opportunity to expand to $150 million in capital in the short term. Secondly, a $165 million industrial project early development fund and a $180 million reverse osmosis desalination plant fund, focused on serving a large industrial complex in Texas. Finally, the RWA fund will set aside $300 million for resource efficiency programs, focusing on converting wastewater solids from chemical plants into fertilizer products used in North America.