Northern Trust has officially launched its blockchain-based platform, the Northern Trust Carbon Ecosystem, facilitating institutional carbon credit transactions. This platform enables institutional buyers to digitally purchase and retire carbon credits from top project developers.
Landscape of the lush green canopy of the Eastern Deciduous Forest, stretching across the eastern United States. AI generated picture.
The first live transactions on the platform involved Water Recovery Systems IP Limited and CUT Carbon Distributed Technologies AG. These transactions allowed institutional buyers to retire carbon credits, marking a significant step forward in Northern Trust’s digital carbon marketplace.
The launch builds on the success of Northern Trust’s minimum viable product, completed in September 2023. The platform operates on Northern Trust Matrix Zenith, a blockchain-powered digital asset platform designed to connect institutional buyers with project developers tackling issues such as greenhouse gas reduction and removal.
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Using a private ledger blockchain, the platform provides a secure and efficient way for buyers to purchase and retire carbon credits, helping them offset their emissions footprint. Northern Trust serves as the custodian, managing the recording, transfer, and settlement of these digital assets.
Several project developers are currently working with Northern Trust, including Water Recovery Systems IP Limited from the UK and CUT Carbon Distributed Technologies AG, based in Liechtenstein. One notable transaction involved CUT Carbon selling credits to Adapt Global Limited, a telecommunications company focused on sustainable technology solutions.
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With plans for more transactions later in 2024, the Northern Trust Carbon Ecosystem is set to expand, offering a seamless solution for institutional buyers looking to participate in the carbon market.
As businesses place greater emphasis on sustainability, the voluntary carbon credit market becomes essential in supporting global nature restoration. By investing in DGB Group's high-integrity carbon projects, you help create a future where communities flourish alongside restored ecosystems. Our projects are designed with long-term sustainability in mind, generating high-quality carbon units and adhering to the strictest environmental standards. With rising demand for premium carbon units, partnering with DGB provides a valuable opportunity to drive meaningful change while benefiting from the growing carbon market.
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