Zerocap enables trade of tokenised carbon credits with A$DC
/PRNewswire/ -- Zerocap has joined forces with ANZ Bank and carbon credits platform Beta Carbon to successfully trade on its platform tokenised Australian...
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/PRNewswire/ -- Zerocap has joined forces with ANZ Bank and carbon credits platform Beta Carbon to successfully trade on its platform tokenised Australian...
ANZ Bank's A$DC stablecoin, the first of its kind, is demonstrating value for tokenized assets beyond cryptocurrency, Zerocap said.
The deal, undertaken for Zerocap by private investor Victor Smorgon Group, has seen carbon credits firm BetaCarbon successfully trade tokenised Australian carbon credits (BCAU) using the ANZ Bank's A$DC stablecoin.
The A$DC stablecoin was used to buy BCAU carbon tokens from Zerocap in a ‘milestone’ transaction. A$DC, the ANZ-issued stablecoin pegged to the Australian dollar, has been successfully used as a m
Private investor Victor Smorgon has used ANZ’s Australian dollar stablecoin to invest in a digital version of carbon credits created by start-up BetaCarbon.