Business management firm Chintai Network Services Pte Ltd partnered with energy management firm DNZ Venture Global Pte Ltd, on Thursday, where DNZ is benefitted through Chintai platform for its climate action Tokenization efforts, including carbon credits.
Tokenization represent environmental assets initiative or project as digital token, which can track carbon credits, renewable energy and more.
The company said this collaboration aims to provide existing and future initiatives in tokenization of Environmental, Social, and Governance (ESG) projects, enabling companies to access new avenues of financing and innovation.
Chintai platform said it will tokenize these projects by issuing climate action tokens. Buyers and sellers can interact directly and transact securely on Chintai’s blockchain platform.
David Packham, chief executive of Chintai’s said, “While our regulated platform is designed for various industries, climate change will impact us all, so it’s exciting to see it used for sustainable initiatives so early on.”
Danny Pang, DNZ CEO said, “Chintai is the ideal blockchain platform for us because it’s regulated by the Monetary Authority of Singapore.” He also said, “It has a robust risk framework and technology for digital assets, which is vital for our clients.”
“Chintai’s white labelling solution enables DNZ to expand our business with tokenization of clients’ projects. This collaboration will also cover the Southeast Asia, including Thailand, Malaysia, The Philippines, and Vietnam,” Pang added.
