ICE Launches ICE GreenTrace Environmental Registry for Carbon Markets

DITTO (Thailand) Public Company Limited, or DITTO, has taken carbon credits from roughly 10% of the mangrove reforestation project area it manages, spanning more than 170,000 rai, through a tokenization process to make carbon credits easier for investors and businesses to access. At present, trading of carbon credits in Thailand remains limited because buyers and sellers must match with each other directly and there is still no public market. Thakorn Rattanakamonporn, Chief Executive Officer of DITTO, said at the seminar "Opening the World of Alternative Assets: Filling Out Investment Opportunities" that the Blue Green Token has been verified by the relevant agencies in both carbon credits and digital assets, and that the ICMA standard used for green bonds has been applied. Holders who hold the token for the full seven-year term will receive a principal guarantee, a return of 3% per year, and the chance of additional gains if the value of carbon credits rises in the future. Thakorn said mangroves have the potential to absorb about 9.4 tonnes of carbon per rai per year, and that if Thailand moves from a voluntary carbon market to a mandatory one, it would help raise the standards of Thai products to align with global rules. Wanphat Phasayawan, Assistant Manager of the Investment Banking and Tokenization Division at Token X, said at the same event that Token X, which is part of SCBX, helps those seeking to raise funds to develop projects by using blockchain technology in the process of issuing and distributing tokens. She said the Blue Green Token took about three to four years to develop before the product could be issued.

Alphabet backed its biggest carbon-removal project yet through Terradot, Reuters reported Wednesday, even as its shares slipped approximately 0.9% to $341.72. Terradot plans to deploy enhanced-weathering material across more than 200,000 hectares of rice fields in Brazil, targeting one million metric tons of methane-abatement credits by 2030 and another one million tons of carbon-removal credits by 2040, a removal target roughly ten times the scale of earlier rock-weathering projects. Google already owns an equity stake in Terradot, giving it exposure not just as a buyer of credits but as a financial backer of the technology itself. A 2024 Terradot transaction implied a removal cost of about $300 per ton, while developers see roughly $100 as a level that could unlock much broader adoption, though pricing for Google's latest agreement has not been disclosed. Alphabet's $341.72 share price stands 34.54% above its GF Value estimate of $253.99, putting more pressure on Google's massive AI and infrastructure spending to translate into durable growth.