PSA International has announced that it has entered into a Memorandum of Understanding (MoU) with the RHT Group of Companies to explore co-creation and investment in Environmental, Social, and Governance (ESG) digital assets to further advance decarbonisation in ports and supply chains.
“We believe that the ESG aspect of our business is measured by what we can do to make a positive impact,” said Eddy Ng, Head of Group Commercial and Supply Chain Sustainability Solutions, PSA.
“This MoU supports PSA’s ongoing commitment towards building a more sustainable port and supply chain ecosystem. In this collaboration, we will draw on our collective expertise to further PSA sustainability initiatives for supply chain partners and users.”
RHT will advise PSA on opportunities in digital asset structuring, distribution, tokenisation, trading, intellectual property protection and commercialisation of its ESG systems. In addition, RHT’s sustainability consultants will also offer their expertise on value creation strategies, while digital asset exchange SDAX will advise on the listing of digital assets on its platform.
“We combine our expertise across sustainability, corporate and digital finance, intellectual property, blockchain and digital asset trading to deliver consultancy and tokenisation services as well as a regulated exchange platform to support PSA’s efforts,” said Jayaprakash Jagateesan, Chief Executive Officer of RHT AlDigi Financial Holdings and Executive Director of SDAX.
The collaboration will be supported by PSA’s corporate venture capital arm, PSA unboXed.