CPP taps Token X to study Green Tokenization, extending carbon credits and Biodiversity Credits

Corporate ActionDigital Finance
โดย Kaohoon·TH·Read original
Summary · why it matters

Charoen Pokphand Produce Company Limited, or CPP, under the integrated crop, rice, transport, and services business of the Charoen Pokphand Group, has appointed Token X as its ICO Portal to jointly study Green Tokenization, connecting natural capital to the green financial system through blockchain technology. The study currently covers regulatory criteria, the structure for issuing and offering digital tokens, the suitability of underlying assets, benefit-sharing mechanisms, and the application of Real-World Asset Tokenization to maximize benefits for the agricultural and digital asset industries. CPP has many high-potential projects, such as a carbon credit project in rubber plantations for sustainable development covering 500,000 rai across five provinces, namely Loei, Udon Thani, Nong Khai, Bueng Kan, and Nakhon Phanom, involving more than 60,000 farming households. The concept is to convert assets from green projects into digital tokens, while also considering other ecosystem values such as forest restoration, habitat conservation, and biodiversity, where Biodiversity Credits may be another avenue to study and build upon to reflect the value of natural capital in a broader dimension.

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