The tokenized green bonds are the Bank of International Settlements Innovation Hub's first green finance project.
The council's survey focused on the crypto mining industry's electricity consumption and sustainable power mix.
The announcement comes as the environmental impact of mining for the world's largest cryptocurrency has come under intense scrutiny.
Some analysts expect limited upside in bitcoin despite the possibility of a brief bounce.
Hopefully it will clean up the "stupid dialogue going on about ESG," he said. "Not in the sense that ESG was stupid, but that the dialogue was."
The firm says that by building on Tezos it can provide a more environmentally sustainable marketplace.
The investment banking giant’s Mathew McDermott said the company would continue to expand its offerings in the cryptocurrency space to meet surging demand.
Friends of the Earth is reported to be reviewing the situation, too.
The firm said it would pay a small percentage of fees to start offsetting carbon emissions.
The power station that sparked controversy over a bitcoin mining expansion plan will also invest in renewable energy projects.
Will the man who forecast bitcoin's price rise to $50K last year be heeded or ignored?
However, Tesla will not be selling any of its bitcoin anytime soon.
The new legislation seeks to counter an industry that critics blast as detrimental to New York’s decarbonization goals.