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London, April 24, 2024 (GLOBE NEWSWIRE) -- ZERO13, the COP28 award-winning international carbon exchange, registry and aggregation hub ecosystem, part of GMEX group, is collaborating with Decarb.earth, CarbonCX and XTCC, to provide the worlds first end-to-end digitally measured, reported and verified carbon credit distribution, trading and settlement solution for renewable energy projects.

The digital climate fintech platform-as-a-service recently enabled 14,591 carbon credits, including those from GoSolr (Pty) Ltd in South Africa, to be successfully distributed, traded and settled via ZERO13 on the SECDEX Marketplace for spot carbon credits and regulated securities markets via XTCC structured products.

The high-integrity voluntary carbon credit solution maximises market value and distribution in a way which instils trust by digitally verified provenance to address the issues of greenwashing and double-counting through:

Hirander Misra, Chairman and CEO of GMEX Group and ZERO13, commented: With a multi-blockchain network-of-networks approach encompassing the diverse capabilities of our partners Decarb.earth, CarbonCX and XTCC, the ZERO13 ecosystem enables digital carbon credits, backed by smart contracts, to be officially accredited, issued, traded and settled to support the advancement of renewable energy technologies that are crucial for a sustainable future.

Marco Funk, CEO of Decarb.earth, added: There cannot be a just and swift energy transition without transparency. The carbon credit market has been fraught with controversies of low-quality credits and doubtful existence. In this context, working with ZERO13, we are absolutely delighted to offer this first of its kind fully digital end-to-end carbon credit solution for renewable energy projects. With these VCCs having now been credited, audited, verified, registered and sold, a low-carbon energy future - within time - looks ever more likely.

Dave Tims, Founder and Head of Strategy for CarbonCX Inc. said: CarbonCX is pleased to announce the completion of this first sale of digital carbon credits from African solar energy projects registered to its next-generation carbon credit platform. The sale occurred on the ZERO13 distribution platform into the SECDEX Marketplace, which is setting the global standard forefficient trading, exchange matching and real-time settlement of traditional and digital carbon credits.Working closely with ZERO13 and its industry-leading project partner, Decarb.earth, we are also settingthe standard for data recording, security and transparency related to digital carbon credits in multiple regions.

Scott Levy, Founder of XTCC, said: Decarb.earth represents a perfect example of the circularity benefits which came from investing with XTCC.By creating liquidity for the high-integrity carbon credits, Decarb.earth will also be encouraged to further their efforts to deliver impact in the social housing sector for example. Measurable community benefits are crucial to investor confidence and transparency; XTCC, ZERO13 and Decarb.earth are a unique example of how connecting to the capital markets liquidity can transform lives.

ZERO13 is an infrastructure-agnostic and cloud-native platform that ensures flexibility in deployment. Functioning as a decentralised hub, the ecosystem orchestrates workflows across multiple exchanges, participants, custodians, registries and climate fintech services. It seamlessly integrates digital monitoring, reporting and verification providers delivering real-time asset checks on carbon offset supplies and project provenance analysis. It also enables end-to-end multi-market distribution across multiple blockchains and APIs to ensure successful trading and settlement, interconnecting silos and addressing the inadequacies of the stand-alone voluntary carbon market (VCM) model.

Since its launch, ZERO13 has expanded its interoperable network of networks and grown its partnerships and customer base, bridging climate tech and climate fintech firms to over 60 participants, with continued rapid expansion and increased transaction flows through the platform and its associated network.

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Media Contact

GMEX Group and ZERO13Alice Ellman-Brown, The Realization Group Tel: +44 (0)7365 224804 alice.ellman-brown@therealizationgroup.com/pr@gmex-group.com

About ZERO13

ZERO13, an award winning GMEX Group (GMEX) initiative, is a market leading automated AI and blockchain-driven international carbon exchange, registry, and aggregation hub ecosystem. Accessed as a Platform as a Service (PaaS), the ZERO13 Hub offers a distributed point of entry for digital issuance, trading, and settlement of carbon credits and real-world assets such as ESG securities with an approach based on interoperability of multiple blockchains and APIs.

ZERO13 Hub connects multiple international carbon exchanges, registries, custodians, and ESG project owners for supply verification, transparent pricing, and real-time settlement. Connections are via APIs and blockchains enabled by ZERO13 Chain (Pyctor).

GMEXs Pyctor technology has been harnessed to extend ZERO13 Hubs Platform-as-a-Service (PaaS) capabilities and to power ZERO13 Chain as a multi-blockchain and multi-API interoperable network of networks. This is an effective and robust mechanism for settling various assets, optimising Delivery versus Payment (DvP) contracts through native integration for token deposits.

ZERO13 industry recognition awards include:

For further information on ZERO13, please visithttps://www.zero13.net/.

About CarbonCX

Working closely with companies deploying various technologies and activities to reduce baseline carbon emissions, CarbonCX captures, processes, aggregates and homogenizes voluntary carbon reduction efforts into standardized units recorded on the blockchain. CarbonCX technology automatically verifies, calculates and aggregates the associated carbon benefit, programmatically mints Carbon Reduction Credits in standardized allotments, and provides management tools for reporting, retiring, or listing on various emerging voluntary Carbon Credit exchanges or marketplaces.

For further information on CarbonCX, please visithttps://carboncx.io/.

About Decarb.earth

Decarb.earth is at the forefront of sustainability initiatives, driving positive change by generating carbon credits, spotlighting cleaner companies, and facilitating the transition to solar energy. With CarbonCX accreditation, Decarb.earth stands as a beacon for businesses seeking comprehensive clean energy solutions to remain competitive in a rapidly evolving market.

About XTCC

XTCC is an investment product for professional investors. XTCC includes investment products that offer a transparent, credible and sustainable avenue for investors to participate in the rapidly expanding high-integrity carbon credit market, closing the gap in the circularity ecosystem that leads to further growth and the development of new renewable energy projects. The XTCC universe includes multi-currency variants for Solar, Blue Carbon, Biomass, Biogas, Hydro, Wind and Biomethanation.

For more information, visit:http://xtcc.investmentsor contactir@xtcc.investments

See the article here:

Digital collective restores carbon market credibility through immutable smart contracts - GlobeNewswire