The ETF would buy and dispose of blockchain-based carbon credit tokens to account for the emissions associated with its bitcoin holdings.
The UPCO2 token represents a certified measure of carbon dioxide and can be traded, held or burned to offset an individual’s carbon footprint.
Nori has been funded to build a blockchain-based market for carbon credits that will start by paying farmers to remove CO2 from the atmosphere.
The Microsoft-backed IWA sustainability group is building a tokenization standard that aims to bring transparency to carbon accounting.
IBM is collaborating with environmental technology firm Veridium Labs to launch a token with the goal of shaking up the carbon credits industry.