XTCC, a firm specialising in creating tradable financial instruments tied to high-integrity carbon credits announces a strategic partnership with Carbonmark, a global climate platform for buying, selling and retiring carbon credits.
This industry collaboration aims to transform the integrity and efficiency of the Voluntary Carbon Market (VCM), making carbon credits more transparent, accessible and scalable for a broad and deep range of participants, including corporates, carbon brokers, commodity traders and individuals.
The collaboration will establish a framework for scaling the carbon credit market through listing and trading carbon credits, certified under various international standards, on Carbonmark's blockchain-based platform. With the mission to increase the interoperability of the core carbon market and create opportunities to automate key market processes, Carbonmark’s platform offers digital solutions for transparent, up-front pricing, real-time supply availability, and instant transaction settlement with unparalleled data insights.
"Partnering with Carbonmark aligns with our mission to improve the quality and commercial value of carbon credits,” said Seth Elliott, CEO, XTCC. "Carbonmark's platform provides the ideal infrastructure for expanding carbon market access to more organisations, trading firms and individuals. Together, we aim to create a more inclusive and transparent marketplace that empowers organisations and individuals to contribute more effectively to the fight against climate change."
Drew Bonneau, Director of Carbonmark, said, “We look forward to working together with XTCC to drive financing to high impact carbon projects globally. Recent integrations with EcoRegistry, ICR and PuroEarth provide a strong foundation for XTCC clients to build diverse carbon portfolios, with access to blue carbon, renewable energy, biochar and novel carbon removal technologies through Carbonmark’s platform. Our partnership will further accelerate momentum in the market and drive critical financing to high impact carbon mitigation and removal projects.”
Carbonmark will support XTCC in listing carbon credits from various registries, including ICR and EcoRegistry, on its platform. The collaboration will also focus on offering comprehensive carbon offsetting solutions and integrating sustainability directly into business operations through Carbonmark’s API.
