Veridium Labs builds a tokenized carbon offset solution that turns carbon credits into tradable digital assets and automates corporate carbon accounting and offsetting. The company uses proprietary carbon accounting protocols developed by EcoSmart Labs and says its protocol also offsets the emissions associated with the digital token itself. Veridium aims to address liquidity, expiration dates, price variation, and multiple verification-standard issues in current carbon markets, and to simplify transaction reconciliation. It has partnered with IBM to build tokenized carbon credit markets and targets Fortune 500 and enterprise users. Veridium announced strategic lead token purchases totaling $5 million just before the start of its presale, indicating early investor interest as it prepares to launch its market product.

Total raised

$5M

Funding rounds

1

Latest round

Equity

Latest activity

Sep 2018