Greenland Financial Technology Group (Shanghai), a core platform of Greenland Group, a global Fortune 500 company and one of Shanghai’s largest state-backed enterprises focusing on real estate, infrastructure and finance, and MetaVerse Green Exchange (“MVGX”), a digital green exchange licensed and regulated by the Monetary Authority of Singapore (MAS), have formed a strategic partnership to meet increasing investors’ desire for cross-border digital carbon credits and crypto assets on regulated and licensed platforms.
In working together, MVGX and Greenland Financial Technology will leverage blockchain-powered innovation and combine financial service capabilities from their respective licensed digital green exchange and licensed digital bank to serve clients’ increasing demand for accessible crypto assets and digital carbon credits that combine with cross-border trading capabilities with the security and oversight of on regulated and licenced platforms.
The Singapore-China collaboration through MVGX and Greenland Financial Technology’s controlled subsidiary, Guizhou Green Finance and Emissions Exchange (GGFEX), also marks the critical first step towards MVGX’s mission of building a connected international network of carbon trading exchanges using its proprietary Carbon Neutrality Tokens (CNT™) designed for cross-border carbon credit trading.
In addition, they will jointly promote tokenization, or digital securitization, of green infrastructure assets and green buildings, creating channels for international capital to finance green infrastructure projects in China and other developing countries with aspirations to achieve carbon neutrality.
Asset tokenization involves creating digital tokens that are issued on a blockchain, serving as a non-fungible digital representation of either digital or physical assets in the metaverse. With blockchain, Greenland Financial Technology and MVGX customers can be assured that these tokens are…
