Comment on page
Tokenized Climate Assets
Unlock liquidity to the traditional environmental market
Wrapped Bitcoin (WBTC) is a type of token that is pegged to the value of Bitcoin (BTC). It is an ERC-20 token built on the Ethereum blockchain and is designed to make it easier to use Bitcoin in decentralized applications and protocols that run on Ethereum. The token can be traded and used in the same way as Bitcoin, but it can also be interacted with using Ethereum-based tools and smart contracts. In essence, WBTC wraps the value of Bitcoin into an Ethereum-compatible format, allowing it to be used in a wider variety of settings.
Wrapped Climate Assets refer to tokenized representation of climate assets including primarily carbon credits and other ESG assets. Carbon credits are units of measurement for the reduction of carbon emissions. A wrapped carbon credit is a digital asset that can be traded, stored, and transferred on a blockchain platform. These tokenized carbon credits can be purchased by a company to offset their own emissions or individuals can purchase credits to offset their carbon footprint.. By wrapping these carbon credits as a token, they become more accessible, tradable, and verifiable to a larger audience, making it easier to trade and manage carbon credits in a decentralized manner.