Odaily Planet Daily News: Energy finance company PowerDime has revealed that it is developing a tokenized renewable energy trading platform based on the L1 blockchain network Chintai. The platform targets institutional investors seeking returns and renewable energy projects looking for financing options. The platform will utilize tokenized virtual power purchase agreements (fixed-price financial contracts for electricity) and provide investors with regular cash flows. Josh Gordon, Managing Director of Chintai, stated: 'By harnessing the power of blockchain, we are transforming renewable energy from merely a commitment into a genuine investment opportunity. By tokenizing traditional illiquid contracts, we are equipping institutional investors with the tools to drive a sustainable future while achieving real financial returns.' Gordon also mentioned that the platform currently covers wind and solar energy and plans to expand its renewable energy services in the future. The platform has been implemented in parts of the United States, the United Kingdom, and the Asia-Pacific region, with plans to expand to other jurisdictions over time. (Cointelegraph)