Nasdaq has launched a global technology that digitises the issuance, settlement, and custody of carbon credits today (29 November).
The service aims to support the development and institutionalisation of global carbon markets, as it will allow market operators and registries to create standardised digital credits and distribute them throughout the transaction lifecycle. The operation of carbon credits was described by Nasdaq as "inflexible", due to its bilateral trading and "heavy" reliance on manual interaction. This has led to an absence of standardisation, which is a barrier to attracting capital flows, the firm said. HSBC AM launches climate technology ETF with Nasdaq Nasdaq has also developed a carbon taxo...
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