Enel Group, an Italian green energy company, partnered with crypto wallet provider Conio to allow fractional ownership of solar panels through tokenization on the Algorand blockchain.
On Jan. 21, Algorand Foundation chief marketing officer Marc Vanlerberghe announced a partnership between Conio and Enel Group that will launch a solar-panel tokenization product in Italy. Speaking to Cointelegraph, Vanlerberghe said the product will go live with an initial group of clients on Jan. 24.
The tokenized product will allow Italians to own a portion of Enel’s solar farms and use the generated power to offset the electricity usage of residential properties.
