Crowdfunding Marketplace
The Connecticut Green Bank seeks a FINRA/SEC-registered marketplace to host its crowdfunded Green Liberty Notes and other offerings, with proposals due February 25, 2026. The selected firm will handle investor onboarding, escrow, payments, SEC compliance, and marketing for up to $5 million annually in green bond issuances, with a three-year initial term.
Categories
Important dates
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Published
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Questions due
Technical questions concerning the solicitation must be received by this deadline.
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Submission deadline
Deadline passed -
Oral interviews
Week of March 2, 2026. Interviews may be held at Green Bank's Stamford offices or via videoconference.
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Results notification
Green Bank intends to notify firms of results by this date.
AI overview
The Connecticut Green Bank ("Green Bank"), a quasi-public state agency and the nation's first full-scale green bank, is issuing this Request for Proposals (RFP) to select a registered securities marketplace to host, execute, and administer its crowdfunding offerings, including the Green Liberty Notes program. The Green Bank leverages public and private funds to scale-up clean energy and environmental infrastructure projects in Connecticut, aiming to reduce greenhouse gas emissions and increase climate resilience. The Green Liberty Notes program, launched in 2022, has been recognized with a SLICE award and seeks to democratize green investing, targeting an annual cap of $5 million in crowdfunded issuances.
The selected marketplace will provide comprehensive services encompassing investor support and onboarding, cap table management, escrow coordination, repayment processing, SEC compliance support (including filing Form Cs and Form C-ARs), marketing and platform visibility, and innovations such as reinvestment mechanisms and foundation participation via program-related investments (PRIs) or mission-related investments (MRIs). The platform must support differentiated interest rates for investors, real-time offering tracking, and white-label branding. Proposers must clearly map which services they will perform directly and which through partners.
Key dates include a question deadline of February 18, 2026, at 5:00 PM Eastern; proposals are due February 25, 2026, at 5:00 PM Eastern. Oral interviews may be held the week of March 2, 2026, with results anticipated by March 13, 2026. The initial contract term is three years. Proposals must be submitted via email to rfp@ctgreenbank.com with a signed Proposal Checklist, in 12-point font, not exceeding 15 pages excluding attachments. Late proposals may be disqualified.
Evaluation will be conducted by a Technical Evaluation Panel considering demonstrated experience with similar issuances, understanding of the scope of services, personnel qualifications, and fee structure. The Green Bank is not obligated to select the lowest-cost proposer and will not charge investors any fees. Proposers must be registered in good standing with the SEC and FINRA, and preference is given to firms with experience in climate and environmental infrastructure crowdfunding.
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