The Blockchain-based Carbon Credit Ecosystem aims to bring more liquidity, transparency, accessibility, and standardization to voluntary carbon markets.
Irvine, CA, Jan. 06, 2022 (GLOBE NEWSWIRE) — FDCTech, Inc. (“FDC” or the “Company,” OTCQB: FDCT), a fintech company with a full suite of digital financial services solutions, today announced that Freedom Holdings, Inc. (OTC: FHLD) has selected the Company as its software development partner for developing Blockchain-based Carbon Credit Ecosystem for its subsidiary Carbon Zero Asset Management, Inc. (“Carbon-Zero”).
Under the terms of the development agreement, the ecosystem will include the minting and burning protocols, a transparent mechanism for validating and distributing tokens backed by carbon credit as assets, a trading venue (makers/takers) for tokens, and tools to engage all stakeholders, including the carbon credit originators, offsetters, project verifiers, liquidity providers, non-government organizations (NGOs), concerned citizens, and governments. After properly validating the carbon credits, the proposed platform plans to transfer them to the Blockchain (e.g., Etherum) by converting them into digital tokens. The platform focuses on carbon credit generators or originators in the renewable space and voluntary schemes.
“FDC has a proven track record in developing regulated grade trading multi-asset platforms for entities across multi-jurisdictions. Our partnership with FDC will allow us to deliver and support complex integrated blockchain solutions quickly and cost-effectively. As announced recently, it is a significant step for us to bring the Carbon Credit ecosystem to the market and to become cash flow positive,” Brian Kistler, Director, Freedom Holdings, Inc. (OTC: FHLD).
“We are delighted to partner with FHLD’s initiative to bring programmable carbon market to smaller business and individuals who will have access to buy or sell the carbon credits,” said Imran Firoz, Co-Founder, CFO, and NFT/Blockchain Team Leader. He added, “FDC’s engagement to manage the development of the complete carbon credit blockchain ecosystem underscores our core software development capabilities. The project will further consolidate and add to our NFT platform initiative announced in December 2021.”
Carbon-Zero is a blockchain technology-driven company focusing on providing an Ethereum-based programmable carbon ecosystem to drive the global economy to a net-zero carbon future. Carbon-Zero aims to bring carbon credits more fidelity, transparency, accessibility, liquidity, and standardization.
About Freedom Holdings, Inc. (FHLD)
FHLD is a versatile holding company focused on acquiring and supporting cutting-edge financial services and technology companies. FHLD’s multi-discipline approach aims to build fintech platforms with the current focus on the clean energy sector, providing Environmental, Social, and Governance (ESG) driven technologies and carbon credit solutions.
FDCTech, Inc. (“FDC”), is a US-based, fully integrated financial technology company. FDC develops and delivers a full suite of technology infrastructure solutions to FX, Crypto, Wealth Management, and other future-proof financial sectors.
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