Rotterdam, ZH partnered with Rebel to create Rikx digital tokens that reward social entrepreneurship

Rotterdam, Netherlands | Bloomberg Cities

Unemployment in Rotterdam is double the national average and rising. But public budgets, stressed by the pandemic, have limited funding for employment programs. Rotterdam is creating “Rikx,” a new digital marketplace that connects local social entrepreneurs to investors so that they can deliver innovative projects, while helping the city’s most vulnerable residents find work. Through Rikx, private-sector partners can purchase digital tokens that monetize social impact generated by entrepreneurs, similar to “offsets” in the carbon market.