ZERO13 and Zumo have partnered to offer a collaborative solution for banks and their corporate clients to account for the carbon footprint of their digital assets and value chain. The integrated solution will enable Zumo to access tokenized carbon credits through GMEX ZERO13’s hub connectivity and decentralized asset settlement network, allowing customers to trade and manage their carbon footprint transparently.
Facts
- ZERO13 and Zumo have joined forces to provide a solution for banks and their corporate clients to address their digital assets’ carbon footprint and value chain.
- The integrated solution will allow Zumo to utilize GMEX ZERO13’s hub connectivity to digital carbon registries, trade execution venue capability, and decentralized asset settlement network.
- Customers will have a flexible and transparent way to account for their carbon footprint through the procurement and custody of tokenized carbon credits.
- GMEX ZERO13 will leverage Zumo’s capabilities as an FCA-registered UK entity to onboard new banks, corporates, and institutions to its trading platform.
- The collaboration aims to support clients in executing Environmental, Social, and Governance (ESG) strategies using blockchain technology.
- Tokenized assets are predicted to represent approximately 10% of global GDP by 2030, while the market for voluntary carbon credits is expected to grow significantly in the coming decade.
- The partnership will enable Zumo’s customers to operate their own trading platforms and access liquidity pools for high-quality carbon credit assets, providing end-to-end efficiency throughout the transaction lifecycle.
