Business
ReGen III Working with Northern Trust for Development of Voluntary Carbon Credit Ecosystem
Fully digital platform allows purchasers to transact tokenized carbon credits directly with proje...
About this update from Regen Iii Corp
[{"type":"text","content":"ReGen III Working with Northern Trust for Development of Voluntary Carbon Credit EcosystemFully digital platform allows purchasers to transact tokenized carbon credits directly with project developers, such as ReGen III, and retire these against their carbon footprintVancouver, British Columbia--(Newsfile Corp. - September 11, 2023) - ReGen III Corp. (TSXV: GIII) (OTCQB: ISRJF) (FSE: PN4) (\"ReGen III\" or the \"Company\") is pleased to announce its participation in the development of a voluntary carbon credit ecosystem developed by Northern Trust (\"NTRS\"). Leveraging private ledger digital blockchain technology, the platform aims to provide carbon removal/reduction project developers with a fully automated ecosystem to manage the end-to-end life cycle of carbon credits with purchasers.\"We are proud to have worked with Northern Trust, an innovator in securities servicing, and selected leading project developers, to help deliver its initial Minimum Viable Product (MVP). We look forward to leveraging the platform to connect with institutional buyers of voluntary carbon credits,\" states Greg Clarkes, CEO of ReGen III.Justin Chapman, global head of Digital Assets and Financial Markets at Northern Trust, said, \"We are grateful to ReGen III and our other project developers for helping us reach this successful MVP milestone which lays the foundation for the development of an industry-wide voluntary carbon credit ecosystem, providing confidence and transparency through the lifecycle of a carbon credit transaction.\" Northern Trust's ecosystem utilizes private ledger digital blockchain technology to connect institutional buyers with carbon credit suppliers who are focused on solutions to reduce greenhouse gases including carbon dioxide. The fully digital platform allows purchasers to transact carbon credits directly with project developers and retire these against their carbon footprint. Northern Trust plans further development of its platform, including the first official live transaction, in late 2023. About Northern Trust Northern Trust Corporation (\"NTRS\") is a leading provider of wealth management, asset servicing, asset management and banking to corporations, institutions, affluent families and individuals. Founded in Chicago in 1889, Northern Trust has a global presence with offices in 25 U.S. states and Washington, D.C., a...