Hong Kong climate tech start-up Allinfra, which provides blockchain-based solutions to help companies achieve their sustainability goals, has raised US$6 million in its latest fundraising round led by Japanese financial giant Nomura.

The newly secured funding will be used to scale up product development and sales resources for the firm's sustainability data management software, Allinfra Climate, and asset tokenization platform, Allinfra Digital, expanding Allinfra’s offering to clients across more industries and use cases.

Allinfra said it will use the proceeds from the Series A financing to scale up the development of its sustainability data management software products and bolster its sales force.

“It is validating to have leaders in the financial markets recognise the value of our technology and its ability to revolutionise climate-aligned products,” said Allinfra co-founder and CEO Dave Sandor.

Technology such as blockchain and digital tokens helps to enhance the security and credibility of greenhouse gas emissions data, besides easing trading and increasing liquidity of sustainability-linked financial products.