March 24, 2026 – The Swiss SaaS firm onboarded 174 projects worth EUR 760 million in 2025. It now targets $120 million in fresh fundraising to scale blockchain-based green bond issuance.
In Summary
Frigg onboarded 174 renewable projects worth EUR 760 million in 2025.
The platform targets $120 million in new fundraising for 2026.
Global clean energy investment hit a record $2.2 trillion in 2025.
The tokenised RWA market surged past $36 billion by late 2025.
Frigg’s AI-powered scoring engine benchmarks 20,000+ energy projects.
Frigg.eco, a Zug-based SaaS startup, is scaling its platform for tokenised renewable energy finance. The company leverages blockchain to issue digital green bonds for small- to mid-sized projects. These projects typically range from 0.5 to 50 megawatts in capacity.
Traditional financiers have long overlooked this segment. High transaction costs and insufficient ticket sizes deter institutional capital. Frigg aims to close that gap using smart contracts and tokenised debt instruments.
| 174 | €760M | €12M | 800 MW |
| Projects Onboarded | Total CAPEX Hosted | Invested via Platform | Installed Capacity |
From Proof-of-Concept to Platform Scale
Frigg launched its proof of concept in September 2022. It issued a $3 million Swiss digital debt security on the Ethereum network. The proceeds refinanced a government-backed hydropower project in Rwanda.
Since then, the platform has evolved rapidly. In 2025, Frigg onboarded 800 MW of installed capacity across 174 projects globally. Of those, 20 projects secured investor funding worth EUR 12 million. CEO Philip Berntsen reported that solid assets typically find investor matches within one to six months.
Looking ahead, Frigg plans a major 2026 roadshow. The company targets 100 million Swiss francs (roughly $120 million) in new capital. If successful, the team aims to multiply that amount tenfold in both 2026 and 2027.
HOW FRIGG’S TOKENIZED BOND ISSUANCE WORKS
| Renewable Developer | → | Frigg Platform (Analysis & Score) | → | Tokenized Green Bond | → | Institutional & Retail Investors |
The $4 Trillion Funding Gap
Frigg’s expansion arrives at a critical moment for climate finance. Global energy transition investment reached a record $3.3 trillion in 2025, per the IEA. Clean energy alone attracted $2.2 trillion. Yet the IEA notes renewable investment still needs to double to meet 2030 targets.
The situation is worse in developing economies. Africa accounts for just 2% of global clean energy investment. This is despite holding 20% of the world’s population. Frigg’s blockchain rails could reduce financing costs for exactly these underserved markets.
GLOBAL CLEAN ENERGY VS. FOSSIL FUEL INVESTMENT (USD TRILLIONS)
| Year | 2020 | 2021 | 2022 | 2023 | 2025 |
| Clean Energy | $0.9T | $1.1T | $1.3T | $1.7T | $2.2T |
| Fossil Fuels | $0.85T | $0.95T | $1.05T | $1.1T | $1.1T |
Source: IEA World Energy Investment 2025 & BloombergNEF
Riding the RWA Tokenisation Wave
The broader tokenised real-world asset (RWA) market provides strong tailwinds. On-chain RWA value exceeded $36 billion by late 2025, growing over 2,200% since 2020. Standard Chartered projects the market could reach $30 trillion by 2034.
Private credit dominates current RWA volumes at roughly $17 billion. Tokenised U.S. Treasuries follow at $7.3 billion. However, energy-related tokenisation is accelerating fast. Platforms like Frigg, Powerledger, and WePower are proving blockchain’s value in clean energy finance.
TOKENIZED RWA MARKET GROWTH (USD BILLIONS)
| Year | 2020 | 2021 | 2022 | 2023 | 2025 |
| RWA Value | $0.08B | $0.5B | $5B | $8B | $36B |
Source: RWA.xyz, Canton Network, RedStone/Gauntlet Report
What Sets Frigg Apart
Several features differentiate the platform from generic project marketplaces. Frigg Intelligence, its proprietary analysis engine, benchmarks projects using data from over 20,000 renewable energy installations. It generates a “Frigg Score” for each project within seconds.
The platform also deploys Seidr, a real-time monitoring tool. Seidr provides hourly updates on financial, environmental, and production data. This granularity helps investors make faster, data-driven decisions.
For 2026, Frigg plans to ship deal-flow AI agents and enhanced portfolio management. Berntsen described the goal as making renewable project finance as efficient as public market trading.
The Bottom Line
Frigg occupies a unique niche at the intersection of DeFi and climate finance. Its vertical integration and deep expertise in renewable energy set it apart. With registered projects now valued at 1.5 billion Swiss francs, the pipeline is substantial.
The question remains whether tokenised green bonds can scale fast enough. The $4 trillion annual SDG funding gap demands urgent solutions. Platforms like Frigg offer a credible path forward. Whether the market responds will define the next chapter of on-chain sustainable finance.
