The Australian and New Zealand Banking Group (ANZ) reportedly partnered with Grollo Carbon Ventures (GCV) to launch the trading of so-called Australian Carbon Credit Units (ACCUs), which are tokens backed by “nature-based and real-world assets,” according to Reclaim the Net.
There is already a “stablecoin” called A$DC that is paired with these ACCUs, which GCV can now purchase with real-time settlement through ANZ’s smart contracts scheme.
A formal transaction already took place with this dollar-backed stablecoin on a public and permissionless blockchain system using a pilot CBDC to back its issuance.
“When applied to carbon markets, tokenization has the potential to improve efficiency and transparency, reduce risk and preserve the unique characteristics of underlying projects to incentivize investment in climate solutions,” announced Nigel Dobson, ANZ’s banking services head about the venture....<<<Read More>>>...