SG and China firms strengthen digital carbon trading bond

MGVX and Greenland Financial Technology take the first step towards an international network.

China's Greenland Financial Technology and Singapore's MetaVerse Green Exchange (MGVX) have formed a partnered up to meet investors' increasing desire for cross-border digital carbon credits and crypto-assets on regulated and licensed platforms. The latter is licensed and regulated by the Monetary Authority of Singapore (MAS).

MVGX and Greenland Financial Technology will work together to leverage blockchain-powered innovation and combine financial service capabilities from their respective licensed digital green exchanges and digital banks to serve clients' increasing demand for accessible crypto assets and digital carbon credits that combine with cross-border trading capabilities with the security and oversight of on regulated and licenced platforms.

In addition, they will jointly promote 'tokenisation', or 'digital securitisation', of green infrastructure assets and green buildings, creating channels for international capital to finance green infrastructure projects in China and other developing countries with aspirations to achieve carbon neutrality. 

MVGX will also be working with Guizhou Green Finance and Emissions Exchange, Greenland Financial Technology's controlled subsidiary, to establish the most advanced digital carbon trading platform and registry arising from carbon assets in China in the real estate and green infrastructure industries.