Demand for green finance to boost demand for STACS’ ESG data registry and digitalisation platform

STACS aims to become the go-to platform for ESG data, and smart-contract technology will facilitate issuance of green instruments.

FINTECH firm Hashstacs Pte Ltd (STACS) may not have foreseen the snowballing of demand for ESG data from institutions when it was founded. But managing director Benjamin Soh was keenly aware of the urgency of the climate crisis.

STACS was established in 2019 to address the need for digitalisation of the architecture undergirding the financial sector. But by 2020 it quickly expanded to focus at the same time on becoming a one-stop shop for ESG data for corporates and institutions. Its expansion has come none too soon. Both areas of business are synergistic.

In the financial services sector, data fragmentation creates inefficiencies, which is evident in the time lag to complete transactions, for...



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