Questions around this news
What did Axsess acquire?
Axsess acquired Carbon.Credit, a marketplace for carbon credits, energy contracts and other asset-backed securities represented on a blockchain. The release says the acquisition is intended to support secondary-market trading in carbon and environmental assets. Axsess describes its own experience as including trading systems, marketplaces and exchange technology.
How does the Carbon.Credit marketplace work?
The release describes an account and onboarding process that includes identity verification. After registration, users can list an asset for sale or look for assets to buy in primary or secondary markets. It also says trades are settled instantly when they occur and that the platform tracks assets’ provenance back to their development and certification.
What does tokenization on a blockchain mean?
Tokenization represents an asset or a claim related to it as a digital token recorded on a blockchain. The blockchain provides a shared record of transactions, while its design can help prevent the same digital token from being spent more than once. Tokenization does not by itself establish the quality or value of the underlying asset.
What is the difference between primary and secondary markets?
In a primary market, an asset is sold or issued for the first time, often by its developer or issuer. A secondary market lets existing holders trade assets with other participants. Secondary trading can give holders another way to sell after the initial issuance, though the availability of buyers and the ease of trading can vary.
Carbon.Credit is a marketplace exchange for carbon credits, energy contracts, and other asset backed securities that are tokenized on a blockchain.
United States, December 16, 2022 -- Axsess, an innovative fintech company with proven experience in trading systems, building marketplaces and exchange technology has strategically acquired Carbon.Credit. This will allow Carbon.Credit to provide secondary market trading on carbon, and environmental assets. Carbon.Credit also maintains provenance of assets tracing back to their original development and certification. Carbon.Credit is a unique and valuable brand that everyone can get behind, including project developers and consumers concerned about climate change. This acquisition will dramatically increase the liquidity of carbon and related environmental markets.
Carbon.Credit will launch the exchange for carbon credits, energy contracts, and other asset backed securities that are tokenized on a blockchain to prevent double spending. Carbon.Credit is able to combine and aggregate many markets into a single tradeable market. These game-changing features will dramatically increase the liquidity of carbon and related environmental markets. These are also necessary features that support the transition of carbon credits from illiquid primary markets to secondary markets with deep liquidity.
The Carbon.Credit marketplace offers a very simple onboarding process and all it requires is three simple steps. Firstly, the user will be required to create an account and go through the onboarding and KYC process. The team at Carbon.Credit will be there to assist users through the whole registration process. Once the account is created, users can either list an asset for sale or find an asset to purchase on the primary and secondary markets. The sales and purchases are settled instantly when the trades occur.
“The Axsess team has a proven track record in building for industry leading projects such as Binance, Galaxy Digital and Yellowheart,” said a spokesperson for Carbon.Credit. “In addition, the company aims to constantly provide innovative solutions to help create value and increase the liquidity of all these bespoke assets. All the securities provided by the company are SEC compliant and regulated as well.”
Interested participants that want to learn more about Carbon.Credit can visit their website here.
Axsess, is an innovative fintech company that has developed a solution to help combine thousands of illiquid bespoke assets into consolidated liquid markets. This acquisition will help them to further expand these features.
About Carbon.Credit
Carbon.Credit is an exchange platform for carbon credits, energy contracts, and other asset backed securities that are tokenized on a blockchain. The company also aims to help developers of carbon sequestration and renewable energy projects by enabling the development, capitalization, funding, and improvements of carbon related assets.
Contact Info:
Name: Carbon.Credit
Email: Send Email
Organization: Carbon.Credit
Website: https://carbon.credit/
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At a glance
- Company
- Axsess
- Announcement
- Acquisition
- Location
- United States
