Financial centre Liechtenstein - Thinking in generations

Spotlight: sustainability
Spotlight: sustainability
Innovation and sustainability
at the financial centre Liechtenstein
How new technologies
promote sustainability
In a world of increasing digital-physical conver-
holders and one which is focused on common
IXO, a company that has been based in Liechten-
Each real-world asset in a network is given a digital
gence, Liechtenstein is seizing the opportunity
goals. The Office for Financial Market Innovation
stein since 2018, has been leading the mission
twin that is tokenised with the rights to the
to combine innovation and tradition for value-
and Digitalisation is playing a central role in
to develop a Web3 Internet of Impacts. After all,
future economic, social and environmental value
based development that is fit for the future
this. It is actively promoting the exchange be-
the future form of finance for sustainability
it will generate. Data is automatically evalu-
and to shape this proactively. Our goal is to lead
tween authorities, industry and international
and climate impacts will be digital, intelligent
ated and verified using causal AI. Impacts can
the way and show how technological innova-
players and is moderating this exchange and
and decentralised. This led IXO to develop
be digitally certified immediately and issued
tion can sustainably support the development
translating it into specific, practical solutions.
a trustworthy operating system for financing,
as impact tokens, such as digital carbon credits.
of our financial sector and our economy as well
measuring, reporting and verifying social, climate
Each connected device generates digital cash-
as strengthen trust in the digital world.
Implementation in the field
and environmental impacts at a local level.
flows in real-time that can be reinvested into new
The early promotion of technologies such as block-
networks. This results in doubling cycles of
Innovation as driving force of the future
chain - one example being the innovative TVTG -
The Layer-1 blockchain and trustworthy AI models
growth for scaling these green physical resource
Innovation is the key to the further development
demonstrates Liechtenstein’s commitment to digi-
were specifically built for this purpose. Liechten-
networks. Using high-integrity digital finance
of the financial centre Liechtenstein. Not only
tal innovation. With an eye to the future, it is
stein has provided an ideal jurisdiction from which
allows the economic gains to be shared with local
should technologies such as blockchain and AI be
now a matter of creating a coherent infrastructure
to finance, develop and commercialise this
distributors and users of these green technolo-
introduced, they should also be integrated
as well as the general conditions for the digital
ambitious innovation. Liechtenstein’s Blockchain
gies. This ingenious invention creates a digital fly-
into the economy and society in a meaningful
(financial) economy. This involves the integration of
Act governing trusted technologies provided
wheel for climate financing and is important to
and efficient way. We are at the beginning of
different technologies and requires joint efforts
IXO with the regulatory clarity it needed to push
speed up progress towards the Global Sustainable
an era in which technological convergence is pre-
as well as a shared vision among all stakeholders.
sustainable digital finance, while working with
Development Goals and to achieve the net-zero
dicted to bring about within a decade a level
We have the opportunity to utilise the syn-
regulated financial institutions and international
targets of the Paris Agreement.
of momentum and scope of development that has
ergies between blockchain, AI and other disruptive
agencies such as UNICEF, UNCDF and the ITU.
not been seen over the last 100 years. This
technologies to create the basis for a sustainable
To scale up the workforce that is needed to distri-
vision of the future involves AI finding ground-
economy that is fit for the future.
Since establishing its home base in Liechtenstein,
bute and service these green physical infra-
breaking solutions to global challenges,
IXO has become the leading digital operating
structure networks, IXO also provides digital tools
where not only intelligence but also ethical val-
Prospects
system for powering decentralised physical infra-
for youth to build their skills and offers job op-
ues are crucial. These technologies need to
As a pioneer, Liechtenstein combines regulatory
structure networks. These networks of green
portunities. IXO is working with the Liechtenstein
be carefully managed and organised so that they
foresight, leadership and solutions for the fu-
technology devices are needed to meet the grow-
Bankers Association, the University of Liechten-
foster economic growth and have a positive
ture in setting standards for innovation and sustain-
ing need for energy, water purification, e-mobility,
stein and UNICEF to design digital green bonds
impact on society.
ability. Our approach shows how a harmonious
soil health monitoring, food security or digitally
financing that will stimulate youth-led green
combination of technology and regulation can cre-
enabled education. To further invest in growing
economic growth, using the Internet of Impacts.
The crucial role of regulation
ate the foundation for a secure, efficient and
its ecosystem of technology innovators build-
In light of such rapid technological developments,
trustworthy digital age.
ing this new Internet, IXO founded the Internet
Dr. Shaun Conway,
an appropriate strategic orientation as well as
of Impacts DAO, using the Liechtenstein
Founder of IXO blockchain
forward-looking regulation are essential in order
Dr. Clara Guerra,
Venture Cooperative (LVC) legal form, which is
Internet of Impacts
to navigate the newly emerging space for in-
Head of Unit SFID
designed for bringing together investments
novation and at the same time ensure trust and
of work, non-cash contributions and capital contri-
security in the digital age. This is why Liechten-
butions from both private individuals and legal
stein has opted for an agile governance model
entities, in order to develop innovations.
based on collaboration between various stake-
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