Neutral and DLT Finance's development of a tokenized trading platform for environmental assets marks an important step toward radically integrating blockchain technology into carbon credit trading. Their collaboration highlights the potential of blockchain to revolutionize reducing carbon footprints globally, in addition to streamlining processes for traditional traders.
Tokenized trading project Neutral and German brokerage DLT Finance are collaborating to build a blockchain-based platform for carbon credits and other environmental assets, aiming to offset companies' carbon footprints, Coindesk reported.
Neutral CEO Farouk Ghandour said in an interview that his company is a “technology provider” and DLT Finance provides the “regulatory backbone.” The focus is on providing a market infrastructure that makes it easy for existing traders to participate in these assets, he said, while DLT Finance is handling the regulatory aspects.
The platform simplifies the user experience by abstracting the complexities of blockchain and provides improved liquidity for commodity exchanges and brokers compared to decentralized exchanges (DEXs) without them having to deal with tokenization or decentralization processes. Provides services.
