Listed company "China Carbon Neutrality" launched 500 million carbon coins in Singapore.
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TL;DR
Hong Kong-listed China Carbon Neutral launches 500 million carbon coins in Singapore, backed by 500,000 tons of VCS-certified carbon credits through its subsidiary and DigiFT platform.
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China Carbon Neutralcarbon coinsSingaporecarbon creditsdigital asset trading
[China Carbon Neutral, a listed company, launches 500 million carbon coins in Singapore] According to Ming Pao, Hong Kong-listed China Carbon Neutral (1372) announced that its wholly-owned subsidiary, Global Carbon Asset Management Co., Ltd., through the Singapore-licensed digital asset trading platform DigiFT, will compliantly custody, issue, and distribute a total of 500 million carbon coins, using 500,000 tons of carbon credits certified by the Certified Carbon Standard ("VCS") as the underlying asset.