Utilising blockchain technology, Net Zero-X aims to offer visibility and investment opportunities in the climate change space
Singapore-based blockchain exchange, Net Zero-X, aims to tackle the significant financing gap impeding the global transition to a net zero future. Open to institutional and accredited investors, the exchange enables sustainability-minded investors to identify and support vetted green, clean, and climate tech projects.
The de-carbonisation of the world economy requires tremendous financial investments:
a study by Allen & Overy and the Climate Policy Initiative estimates that USD 6.2 trillion in climate
finance is needed annually from now until 2030, after which it increases
By providing a platform where institutional and accredited investors can readily invest in vetted green climate tech projects, it enables swift capital deployment globally. Supported by Chintai, a licensed and regulated digital assets company in Singapore, Net Zero-X seeks to bring visibility and process transparency to the sustainable finance market.
The exchange has identified 60 immediate sustainability projects seeking investment, with plans to
onboard many more in the future. Net Zero-X aims to onboard 500 projects within the next five years, facilitating the deployment of over USD $10 billion in impact capital over the next decade.
Glenn Davies, Co-Founder of Net Zero-X, says: ““The sustainable investment space has a matchmaking problem, undermining efforts to combat climate change globally. With this exchange, we bridge this gap by enabling project owners and sustainably focused start-ups to present their solutions on a regulated, readily accessible platform and investors having a single-place of outreach to finding valuable, verified sustainable projects across the globe.”
The Net Zero-X exchange is launching with its flagship project: the world’s first ‘Drive-In Waste
Disposal & Energy Recovery Hub’. This UK-based initiative aims to redirect waste from conventional
landfill sites to a state-of-the-art facility, significantly reducing carbon emissions and environmental
impact while maximising resource recovery.
Net Zero-X’s platform is built off of technology by Singaporean blockchain company Chintai which holds two licences from the Monetary Authority of Singapore.
David Packham, Chintai’s Founder and CEO, says: “At Chintai, we leverage the blockchain to empower growing companies to secure funding and investments in emerging business sectors such as Net Zero-X in the cleantech and sustainability space. Blockchain technology provides unparalleled transparency, is safe through its immutable records, and is more effectively deployed than traditional investment instruments.”
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