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Arx Veritas and Blubird Tokenize $32 Billion Carbon Emission Reduction Assets Through Blockchain Technology
Summary: In a breaking news report by Cointelegraph, wealth tokenization platform Arx Veritas and infrastructure company Blubird have tokenized $32 billion worth of carbon emission reduction assets (ERA) through blockchain technology, equivalent to preventing 394 million tons of CO2 emissions, setting a record in the digital asset tokenization industry. The tokenized assets include sealed oil wells ...
In a breaking news report by Cointelegraph, wealth tokenization platform Arx Veritas and infrastructure company Blubird have tokenized $32 billion worth of carbon emission reduction assets (ERA) through blockchain technology, equivalent to preventing 394 million tons of CO2 emissions, setting a record in the digital asset tokenization industry.
The tokenized assets include sealed oil wells and coal mines, achieving carbon emission reduction by preventing coal mining, transportation, combustion, and emissions from abandoned oil wells. The emission reduction is equivalent to the carbon emissions from 395 million round-trip flights between New York and London, or 986 billion miles of car travel. Blubird has indicated strong institutional demand for ESG-compliant tokenized assets, with negotiations for over $500 million in transactions underway and a major institutional purchase set to be completed soon. This collaboration aims to establish new financing and tracking standards for sustainable finance.
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Link: Arx Veritas and Blubird Tokenize $32 Billion Carbon Emission Reduction Assets Through Blockchain Technology [Copy]
