Successful MVP Validates Fully Automated Transactions of Tokenized Carbon Credits Utilizing Private Ledger Digital Blockchain Technology
CHICAGO–(BUSINESS WIRE)–#assetmanagement–Northern Trust (Nasdaq: NTRS) announced today it has completed the first stage toward an industry-wide voluntary carbon credit ecosystem that would allow institutional buyers to digitally access carbon credits from leading project developers.
The announcement follows Northern Trust’s successful milestone of completing fully automated transactions on the initial minimum viable product (MVP) digital carbon credit platform it has developed with carbon avoidance and removal project developers including Go Balance Limited, ReGen III (TSXV: GIII) and a direct air capture company in addition to institutional buyers.
The ecosystem utilizes private ledger digital blockchain technology to connect institutional buyers with carbon credit suppliers who are focused on solutions to reduce greenhouse gases includi
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