Sustainable Bitcoin Protocol Launches First Tokenized Energy Transition Asset in Abu Dhabi

Sustainable Bitcoin Protocol (SBP) completed the first transaction of its SBP token on Coinbase Project Diamond within ADGM, linking bitcoin mining to verified clean energy and creating a new climate-aligned digital asset class for institutional and retail investors.

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 city’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 Dhabi’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 question,” said Brad Van Voorhees, CEO of SBP. “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 portfolios.”

“Coinbase Project Diamond platform was designed to deliver secure, compliant, capital market activity, helping to unlock institutional adoption of the global crypto economy,” said Shaun Martinak, Head of Tokenization, 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 Project Diamond.”

Peter Abou Hachem, Head of Growth and Strategy, 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 new asset classes. SBP’s milestone 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 auctions 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.