Blockchain Technology Aims to Prevent 400 Million Tons of CO₂ Emissions

According to Cointelegraph, wealth tokenization platform Arx Veritas and tokenization infrastructure firm Blubird are leveraging blockchain technology to significantly reduce carbon emissions. The two companies have tokenized $32 billion worth of Emission Reduction Assets (ERAs) on Blubird’s Redbelly Network, setting a new benchmark for sustainability financing and tracking. This initiative involves the tokenization of assets such as capped oil wells and coal mines, which collectively represent over 394 million tons of prevented CO₂ emissions. This effort is recognized as the largest tokenization initiative aligned with the Environmental, Social, and Governance (ESG) framework source: https://www.binance.com/en/square/post/28925772939889?utm_source=BinanceNewsRSS