Walkers Advises on Launch of Jersey-based Token Issuer Driving the Transition to Net-zero

Walkers’ Jersey office has advised Fuse Crypto Limited on the establishment of a token issuing platform as part of their innovative clean energy initiative, the Energy Network.

Fuse Energy’s platform rewards customers with utility tokens (“$ENERGY” or ‘Energy Dollars’) for actions that promote sustainable energy use, such as the installation of solar panels or shifting electricity consumption to off-peak hours. These tokens can be redeemed for discounts on electricity bills or for products and services within the Fuse ecosystem.

The initiative aims to build a decentralised, renewable energy network powered by blockchain. Fuse’s team includes engineering talent from Revolut, Meta and Tesla and the project marks a major step toward reimagining how energy is generated, distributed and consumed.

Walkers, led by partner Dilmun Leach, provided comprehensive legal advice across fintech, regulatory and corporate matters. The firm supports Fuse through the process of obtaining approval from the Jersey Financial Services Commissions (JFSC) to issue utility tokens and advised on funding rounds, including the use of SAFT (Simple Agreements for Future Tokens) structures.

For more information on Walkers’ involvement in this project visit Walkers website.

For additional industry resources on sustainable finance visit our hub