ZERO13, a venture of the GMEX company, and payment platform Zumo have partnered to develop an ESG solution.
The solution will be available to clients looking to take carbon dioxide emissions into consideration regarding their value chains.
As part of the mandate, Zumo’s clients will be able to access the digital carbon registries, high-level carbon credits and trade execution venue capabilities of GMEX ZERO13. GMEX will be able to develop its network with banks, corporates and other institutions in the UK.
Hirander Misra, CEO of GMEX, says: “Tokenised assets will represent some 10 per cent of global GDP by 2030, while the global market for voluntary carbon credits is also forecast to increase exponentially in the coming decade. By leveraging the integrated tools from Zumo and distribution capabilities available through the ZERO13 platform, we can together deliver a transparent and trusted way for organisations to effectively trade, clear and settle their carbon credit purchases in a manner publicly verifiable by stakeholders.”
Nick Jones, CEO of Zumo, comments: “Blockchain is emerging as a ‘digital enabler’ in tackling climate change and supporting the energy transition to a more sustainable infrastructure. Tokenising carbon credits and being able to accurately measure carbon footprint is a great example of the regenerative finance movement.”
