Oct 8, 2024
Web3 Transition
5 minute read
Blubird Partners with CarbonHood and Redbelly Network to Tokenize US$70 Billion in Carbon Credits
We are excited to announce that we have partnered with CarbonHood and Redbelly Network in a groundbreaking initiative to tokenize an initial 950 million tons of carbon credits, valued at approximately US$70 billion. This partnership is not just another milestone for us—it’s the first significant step in our broader strategy to bring an asset book valued at an astonishing US$2 trillion on-chain by the end of 2025.
The tokenization of assets, particularly carbon credits, is a monumental advancement in our industry. At Blubird, we believe that by tokenizing these assets, we're not only creating new avenues for investment and innovation but also paving the way for a more transparent and efficient market. By integrating these assets on-chain, we’re setting new standards for how digital and real-world assets can be managed and traded in a secure, transparent, and scalable manner. Although this unprecedented tokenization event marks a significant industry milestone, it is just the beginning of our broader vision for seamless asset tokenization.
CarbonHood is a leader in the global carbon credit market, known for its rapid growth and innovative approach to managing and verifying carbon credits. As a creator, verifier, and offset enabler, CarbonHood is at the forefront of helping companies meet their Net Zero commitments. Their role in this partnership is critical, as they bring immense expertise and a vast portfolio of carbon assets that are now being tokenized through this collaboration. Together, we are taking a significant step toward making carbon credits a trusted and reliable asset class on the blockchain.
Our technology is designed to solve the very challenges that CarbonHood has been facing in managing a vast and complex asset book across multiple registries. With our blockchain registry, we’re enabling a seamless transition from traditional Web2 systems to a modern, on-chain solution. This partnership showcases our ability to integrate and scale complex assets in a way that enhances market efficiency and integrity.
Furthermore, our collaboration with Redbelly Network also plays a crucial role in this transformation. Redbelly’s blockchain technology ensures that the assets we tokenize are compliant, secure, and ready to meet the demands of global regulatory frameworks. Together, we’re creating a single, trusted source of truth for carbon assets, solidifying our position as a leader in the blockchain space.
Corey Billington, our founder, perfectly captures the significance of this partnership:
"This partnership is a significant milestone for Blubird and our partners at CarbonHood and Redbelly Network. By tokenizing these carbon credits, we're taking a huge step toward transforming how assets are managed and traded in the blockchain space. Our goal is to create a more transparent and efficient market, and this collaboration is just the beginning. We’re excited about what we can achieve together as we move toward bringing $2 trillion in assets on-chain by the end of 2025."
As we continue to make strides to bring more assets on-chain, we invite you to stay tuned for further updates. The future of blockchain technology is bright, and we’re excited to share every step of this journey with you.
For more information about Blubird, CarbonHood, and Redbelly Network, please visit our websites:
Blubird - https://getblubird.com/
CarbonHood - https://carbonhood.com
Redbelly Network - https://www.redbelly.network/
About Blubird:
Blubird is a leading blockchain technology company dedicated to simplifying and securing the tokenization process for real-world assets. With a focus on innovation and compliance, Blubird empowers businesses and individuals to leverage the benefits of blockchain technology, driving efficiency, transparency, and security in digital asset management.decentralization, equipping you with the knowledge and tools necessary to leverage the groundbreaking potential of Web3.
About CarbonHood:
CarbonHood is a global leader specializing in Agriculture, Aquaculture, and Reforestation. As a Carbon Credit Creator, Verifier, and Offset Organization, CarbonHood supports a wide range of clients, from eco-friendly corporations to eco-conscious communities.
CarbonHood has been collaborating closely with industry leaders who prioritize sustainability, helping them gain clarity on their carbon footprint, set reduction goals, and access high-quality carbon credits to offset their environmental impact.
Driven by a deep passion for sustainability, CarbonHood is dedicated to providing solutions that contribute to a more sustainable planet for everyone who calls it home.
About Redbelly Network:
Redbelly Network is an innovative Layer 1 EVM-Compatible blockchain platform designed for the tokenization and management of real-world assets. With its advanced scalability, safety features, and groundbreaking consensus mechanism, Redbelly is redefining the standards of blockchain technology, paving the way for a more secure, efficient, and accessible digital asset ecosystem