MELBOURNE, Australia, June 29,
2022 /PRNewswire/ -- Zerocap has joined forces with
ANZ Bank and carbon credits platform Beta Carbon to successfully
trade on its platform tokenised
Australian carbon credits (BCAU) using the ANZ Bank issued A$DC
The innovative transaction, undertaken for Zerocap client Victor
Smorgon Group, is a ground breaker in promoting frictionless and
secure digital transacting for carbon abatement instruments and
climate control assets.
Zerocap CEO Ryan McCall said,
"Zerocap's mission is to bridge the worlds of traditional markets
and digital assets. We're thrilled to continue our role at the
forefront in taking digital assets mainstream with this
"With Zerocap providing custody and creating a market for carbon
credits with A$DC, we're proving how efficient a digital asset
ecosystem can be for trading and settlement of an asset that most
people don't even associate with crypto, at least not yet.
"Zerocap's thesis is we'll see the 'tokenisation of everything,'
from carbon credits to bonds, equities, property and more. This
transaction is a huge milestone in realising that vision.
"We believe that the tokenisation of assets combined with
blockchain technologies that allow frictionless transacting and
just as importantly immediate, irrefutable settlement and secure
custody. It shows the digital transacting, and our efficient
markets can play an important role in the necessary development of
carbon abatement instruments and assets."
Zerocap sourced the BCAU from BetaCarbon, which tokenises
Australian Carbon Credit Units (ACCUs) into digital tokens, with
each representing 1kg of carbon captured.
This transaction is significant as it provided A$DC/BCAU
liquidity, while offering both Victor Smorgon Group and Zerocap
redemption rights for A$DC.
The latest A$DC transaction comes after the successful execution
by ANZ and Zerocap in March of the first Australian-bank issued
Australian-dollar stablecoin payment through a public
permissionless blockchain transaction.
"We are delighted to work with ANZ, Victor Smorgon Group,
BetaCarbon to bring our knowledge of crypto assets, coins, and the
market to this initiative,"
Ryan McCall said.
Zerocap's mantra is zero friction, borderless finance. Zerocap
is Australia's leading
full-service crypto platform, providing tailored investment
products and secure custody to a global client base of wholesale
investors, institutions, HNWs and family offices.
Zerocap creates bespoke solutions for investors to build and
diversify their investment portfolio with digital assets, through a
range of regulated and direct exposure products across the
volatility spectrum to fit with their desired levels of investment
Zerocap's people bring a deep understanding of digital asset
technology, trading, and portfolio optimisation, having processed a
billion dollars of digital assets for private investors, family
offices and institutions. Zerocap has assembled a team of
blockchain experts, institutional portfolio managers and advisers,
and experienced traders; backed by strong regulatory, compliance,
security and reporting functions.
Zerocap provides market leading institutional grade custody and
storage facilities backed by insurance policies for all of its
investors, utilising best-in-class technology such as MPC
cryptography and hardware isolation. www.zerocap.com
Contact: Tammy Paola,