Decentralized lending and borrowing platform Celsius Network will be overseeing the Sustainable Development Goals Impact Fund (SDG Impact Fund) within the United Nations’ Sustainable Development Goals initiative.

This is according to a press release that was published just recently.

The Sustainable Development Goals is an international program dedicated on bringing a “better and more sustainable future for all.” It tackles global challenges such as poverty, inequality, climate change, environmental degradation, prosperity, and peace and justice. The initiative seeks to achieve a series of targets by the year 2030.

According to the announcement, the SDG Impact Fund would be introduced by financial services firm Fifth Element with the goal of raising several hundred million dollars and implement them in both fiat and digital format with the use of a public blockchain. The fund will purportedly be the first to accept and operate all forms of crypto and digital assets in compliance with the UN Sustainable Development Goals.

Within the partnership with Fifth Element, Celsius Network is looking to “bring power back to the people” by delivering banking services often reserved for top tier asset owners. Celsius CEO Alex Mashinsky remarked that “by offering earned interest rates up to 7.1 percent, we allow individuals to make the same passive income Wall Street has been making for years.”

Scott Stornetta, an adviser to Celsius, also had this to say:

“We see a great opportunity to use this technology to deliver the value collected by different U.N. organizations in a more precise and effective way to the people and organizations that need it most.”