MOSS Helps One River Digital Asset Management Create World's
First Carbon-Neutral Crypto Asset Fund
GREENWICH, Connecticut and,
SAO PAULO, April 20, 2021 /PRNewswire/ -- One River
Digital Asset Management (ORDAM), one of the largest institutional
crypto fund managers, and MOSS, the world's largest carbon credit
platform, today announced plans to launch the world's first
carbon-neutral crypto asset fund, enabling climate conscious
investors the opportunity to benefit from exposure to Bitcoin and
Ethereum while offsetting their carbon footprint.
Through the provable "burning" of MCO2 tokens (via UNISWAP), One
River Digital Asset Management created the world's first carbon
neural crypto asset offering. For every Bitcoin owned, ORDAM will
buy and "plant" MCO2 tokens, offsetting estimated carbon
emissions.
ORDAM is the first asset management company to offer carbon
offsetting globally.
ORDAM Chief Executive Officer Eric
Peters said in a Bloomberg interview. "There's a lot of talk
about the carbon footprint of Bitcoin. We decided it's time to stop
talking and start doing something about it," adding here, "we are
so excited to work with Brazil's
MOSS since they are doing the hard work of actually creating and
executing carbon offset programs in the Amazon and then tokenizing
them for use in the crypto space. This was a truly needed
application of tokens and we're looking forward to helping our
clients offset their crypto carbon footprint."
MOSS CEO Luis Felipe Adaime
notes, "This is exactly the application of the MCO2 token we
envisioned when we created it. While smaller crypto entities –
miners, traders, companies building distributed applications, etc.,
can purchase our token on a number of cryptocurrency exchanges to
offset their carbon use, MOSS Carbon Neutral Custody allows any
institutional or corporate investor a means to offset the carbon
emissions associated with crypto assets."
The decentralized technology that makes cryptocurrencies so
secure - mining - requires vast amounts of energy. While a
significant and growing portion of cryptocurrency mining is done
with renewable and carbon-neutral sources, the full transition to
zero carbon mining will take years. Meanwhile, MOSS Carbon Neutral
Custody provides an effective way for ESG-minded investors to
offset the carbon emissions related to their ownership of
cryptocurrencies.
By creating a more sustainable way to own crypto assets, MOSS
Carbon Neutral Custody will help One
River attract investors who shied away from this emerging
asset class due to environmental concerns, with the additional
benefit of preserving and defending the Amazon rainforest.
About MOSS and the MCO2 Token
MOSS is the largest environmental platform in the world. MOSS
started operating in early 2020 when it launched the first carbon
credit-backed token, MCO2, used to offset carbon footprints. MCO2
is audited by international institutions, such as EY and Armanino,
and registered with global foundations that regulate the global
registration of voluntary credits, following strict protocols.