Today, three additional banks, BNP Paribas, Standard Chartered, and UBS announced they are joining Carbonplace. It’s a technology platform for carbon offsets underpinned by blockchain that was founded last year by NAB, CIBC, Itaú Unibanco and NatWest and initially called Project Carbon.
The group is looking for new members to join the project to launch by the end of 2022. Last year’s launch announcement sounded like the group planned their own marketplace. But it now emphasizes that it will provide “settlements infrastructure” and IT systems for marketplaces and exchanges. In other words, it aims to be an IT infrastructure provider and also create an ecosystem.
Carbonplace will primarily target carbon offset projects in the so-called global South – Latin America, Asia, Africa and Oceania.
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