According to the announcement, continued emphasis will be placed to reflecting market supply and demand with reference to a basket of currencies and the exchange rate floating bands will remain the same as previously announced in the inter-bank foreign exchange market.
This could open up the green bond market to a wider investor base, including retail investors. A study1 shows that using blockchain can greatly reduce the typical denomination of green bonds. In terms of costs, there would be no difference between a USD 10 and a USD 10 million green bond on the blockchain.