GRN GRID
The business, the turning points, and the decisions behind them.
Some sections are still being researched1 / 4
Sections to complete：05
01 / WHAT IT BUILT
What the company did
GRN Grid (GRN Association, Zug, Switzerland) was an environmentally friendly, scalable and stable layer-1 blockchain with novel decentralized finance features. Using a Proof of Stake v2 algorithm, Grid aimed to be the first smartchain capable of operating entirely on renewable energy, with green-only transactions. Its native token GRN (pronounced Green) was used for staking, fees and validator incentives, and the chain had integrated payment/escrow systems, swapping pools and encrypted chat. In September 2022 it raised $50 million from GEM Digital; its June 2022 IEO on BitMEX's launchpad raised $80,000 at $0.16 per token.
02 / GRN GRID FAILURE REASONS
Failure factors
the entity was cited for defects in legally mandatory organization, then dissolved by the Zug cantonal court under Art. 731b OR with liquidation ordered under bankruptcy rules; the bankruptcy was later discontinued for lack of assets (mangels Aktiven).
SHAB notice stated mandatory organizational defects and led to Art. 731b OR court dissolution.
Zug court discontinued the bankruptcy proceedings for lack of assets (mangels Aktiven).
03 / EVENT HISTORY
Events in the structured record
- Liquidation
Zug cantonal court on 22 Dec 2025 dissolved GRN Association under Art. 731b OR and ordered liquidation under bankruptcy rules; name changed to GRN Association in Liquidation.
- Bankruptcy
on 14 Apr 2026 Zug court discontinued the bankruptcy for lack of assets (mangels Aktiven); later register mutation published 10 Jul 2026.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN / AFTERMATH
Material for this section is being gathered and checked. It will appear here once ready.