RIDDLE&CODE Energy Solutions gets behind energy tokenisation
RIDDLE&CODE Energy Solutions has joined the 2Tokens consortium as a founding member for the Energy Token working group.
The Wien Energie, RIDDLE&CODE jv, which since 2020 has been an associated partner, has taken the decision as a consequent step on its path to developing an international service portfolio, according to a statement.
In this role RIDDLE&CODE Energy Solutions will work with 2Tokens, the Netherlands tokenisation organisation, on European token standards in the energy sector.
“We have proven the technical and economic viability of tokenising energy assets in several individual projects at the regional level. Now it is time to think on a larger scale,” says Kai Siefert, the newly appointed managing director of RIDDLE&CODE Energy Solutions.
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“The token standards being developed at 2Tokens will most likely have a decisive impact on the future standards of the European energy market.”
Tokens are expected to become an increasingly important component of the digital economy, with the programmability and trading options they offer.
RIDDLE&CODE Energy Solutions provides a blockchain-powered infrastructure with the MyPower platform that enables the tokenisation of energy production and consumption.
By tokenising energy, RIDDLE&CODE Energy Solutions aims to significantly increase the liquidity of distributed assets, making them easily accessible to broad investor segments, while their output can be traded and tracked with unprecedented transparency and security.
With the tokenisation of for example, solar PV assets, consumers are able to invest in and benefit from partial ownership.
2Tokens was formed in 2019 as a joint effort of the Port of Rotterdam’s BlockLab, the West Holland regional economic development agency YES!Delft and the business development company Lift-Off as project lead to investigate and develop a roadmap for tokenisation in the Netherlands.
Its ultimate deliverable is a set of clear rules and guidelines on how to deal with tokenisation.
Alex Bausch, Executive Chairman of 2Tokens, comments that RIDDLE&CODE Energy Solutions plays an important role in the adoption of tokenisation technology in commercial projects with interoperable banking grade solutions.
“Our working groups on the EURO stable coin and Energy Tokens are paramount to the joint mission for mass adoption of token technology in the energy industry.”
