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Sustainable Bitcoin Protocol Completes First Onchain Energy Transition Asset Auctions on Coinbase Project Diamond under ADGM Framework
(MENAFN- Edelman) Abu Dhabi, UAE - December 11th, 2025: Sustainable Bitcoin Protocol (SBP) announced the inaugural transaction of the first tokenized energy transition asset derived from bitcoin, the SBP token, traded on Coinbase Project Diamond within the ADGM RegLab, the FSRA’s regulatory sandbox.
SBP marks a breakthrough in digital asset innovation, linking bitcoin mining to verified clean energy consumption and establishing a new class of climate-aligned digital assets for institutional and retail investors. This milestone underscores how Abu Dhabi is leading the world in digital asset regulatory clarity and the alignment of purpose and profit. Powered by the ci’y’s collaborative tech ecosystem, a new generation of institutional-grade assets is emerging, connecting energy transition investing with digital finance.
The inaugural Project Diamond auctions, brought together a consortium of leading institutional stakeholders, including: Zero Two (backed by Further Ventures and Abu D’abi’s Sovereign Wealth Fund ADQ), a NASDAQ-listed miner, GSR (leading crypto trading firm and liquidity provider), and Firinne Capital (digital asset investment manager)
“To fully unlock institutional capital, Bitcoin requires robust market infrastructure that resolves the energy questio”,” said Brad Van Voorhees, CEO of S“P. “SBP provides this solution by converting verified clean compute into a tradeable financial instrument. This transaction marks a turning point: it proves that under Abu’Dhabi’s regulatory leadership, we can satisfy sustainability mandates through a distinct asset class, and expand bitcoin to institutional investors with sustainable por”folios.”
“Coinbase Project Diamond platform was designed to deliver secure, compliant, capital market activity, helping to unlock institutional adoption of the global cry”to economy,” said Shaun Martinak, Head of Tokenizati“n, Coinbase. “Facilitating the first SBP auctions in ADGM plays a pivotal role in accelerating the evolution of tokenized financial assets within regulated platforms by connecting institutional capital to climate focused digital assets via ”roject Diamond.”
Peter Abou Hachem, Head of Growth and Stra“egy, Hub71 said: “Through Hub71+ Digital Assets, we are shaping the future of finance by building an ecosystem where pioneering startups, global investors and regulators collaborate to unlock ne’ asset classes. SBP’s milest’ne reflects Abu Dhabi’s ambition to become a global center for the development of digital assets that drive both financial ”and sustainable impact.”
The SBP au’tions reinforce Abu Dhabi’s leadership as the capital of Green Capital for sustainable finance and blockchain innovation, combining digital asset infrastructure, institutional governance, and energy transition investing.
SBP marks a breakthrough in digital asset innovation, linking bitcoin mining to verified clean energy consumption and establishing a new class of climate-aligned digital assets for institutional and retail investors. This milestone underscores how Abu Dhabi is leading the world in digital asset regulatory clarity and the alignment of purpose and profit. Powered by the ci’y’s collaborative tech ecosystem, a new generation of institutional-grade assets is emerging, connecting energy transition investing with digital finance.
The inaugural Project Diamond auctions, brought together a consortium of leading institutional stakeholders, including: Zero Two (backed by Further Ventures and Abu D’abi’s Sovereign Wealth Fund ADQ), a NASDAQ-listed miner, GSR (leading crypto trading firm and liquidity provider), and Firinne Capital (digital asset investment manager)
“To fully unlock institutional capital, Bitcoin requires robust market infrastructure that resolves the energy questio”,” said Brad Van Voorhees, CEO of S“P. “SBP provides this solution by converting verified clean compute into a tradeable financial instrument. This transaction marks a turning point: it proves that under Abu’Dhabi’s regulatory leadership, we can satisfy sustainability mandates through a distinct asset class, and expand bitcoin to institutional investors with sustainable por”folios.”
“Coinbase Project Diamond platform was designed to deliver secure, compliant, capital market activity, helping to unlock institutional adoption of the global cry”to economy,” said Shaun Martinak, Head of Tokenizati“n, Coinbase. “Facilitating the first SBP auctions in ADGM plays a pivotal role in accelerating the evolution of tokenized financial assets within regulated platforms by connecting institutional capital to climate focused digital assets via ”roject Diamond.”
Peter Abou Hachem, Head of Growth and Stra“egy, Hub71 said: “Through Hub71+ Digital Assets, we are shaping the future of finance by building an ecosystem where pioneering startups, global investors and regulators collaborate to unlock ne’ asset classes. SBP’s milest’ne reflects Abu Dhabi’s ambition to become a global center for the development of digital assets that drive both financial ”and sustainable impact.”
The SBP au’tions reinforce Abu Dhabi’s leadership as the capital of Green Capital for sustainable finance and blockchain innovation, combining digital asset infrastructure, institutional governance, and energy transition investing.
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