Singapore-based PSA International has signed a memorandum of understanding (MoU) with the RHT Group of Companies to move towards the goals of decarbonisation in ports and supply chains.
As part of the partnership, the companies will jointly propose and explore investment in potential environmental, social and governance (ESG) digital assets solutions.
PSA aims to transform supply chains while facilitating sustainable value creation through such partnerships.
RHT will advise PSA on the workings, considerations and prospects of digital asset structuring, distribution, tokenisation, trading and investor relations, along with public relations for ESG solutions.
PSA will also receive advice on intellectual property protection and commercialisation for ESG solutions.
RHT’s team of sustainability consultants will offer advice on value creation strategies and digital asset exchange SDAX will offer guidance on the listing of digital assets on its platform.
PSA’s corporate venture capital unit, PSA unboXed, will also support the collaboration.
This is expected to add ‘capability to initiatives and projects engaging startups’.
PSA commercial and supply chain sustainability solutions group head Eddy Ng said: “We believe that the ESG aspect of our business is measured by what we can do to make a positive impact.
“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 AlDigi Financial Holdings CEO and SDAX executive director Jayaprakash Jagateesan said: “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.”
Last September, PSA formed a joint venture with HMM in Singapore to achieve improved operational efficiency in container operations.