GMEX launches ZERO13 carbon fintech 04 May 2023UK Reporter: Frances Jones
Image: Romolo Tavani
London-based software company GMEX has launched a climate fintech.
ZERO13 will provide digital issuance, trading, clearing and settlement for a range of carbon credits and related ESG assets.
ZERO13 will interconnect multiple stakeholders including registries, asset managers, corporates, buyers and sellers, markets and exchanges to help achieve net zero.
As part of the initiative, ZERO13 is partnering with the Verdana Eco-Consortium, the cloud-native SaaS system, Alléo Energy and Pay DIRT.
The Verdana Eco-Consortium will provide collective safeguards to address double counting by integrating its digital measurement, reporting and verification service.
Alléo Energy and Pay DIRT will introduce fuel replacement and nature-based carbon credits into ZERO13 to address greenwashing.
Commenting on the launch, Hiranda Misra, CEO of ZERO13 and GMS Group, says: “ZERO13 provides a desperately needed, interconnected global carbon ecosystem for all types of participants, in a regulatory compliant manner, to more efficiently match supply with demand.”
He adds: “It’s a privilege to collaborate with Verdana’s Eco-Consortium to digitally address the end-to-end issues in voluntary carbon markets and to unlock carbon credits supply from partners such as Pay DIRT and Alléo Energy, bringing trust by demonstrating full digital provenance.”
NO FEE, NO RISK 100% ON RETURNSIf you invest in only one asset servicing news source this
year, make sure it is your free subscription to Asset Servicing Times
Image: Romolo Tavani 