NEW
YORK, Dec. 26, 2024 /PRNewswire/ -- Plume
Network is proud to announce a strategic partnership
with Maseer, an Abu Dhabi
based tokenization platform, to bring $200M in Carbon Allowances exclusively on-chain
to Plume. Built on Plume's Real-World Asset Finance (RWAfi)
ecosystem, Maseer will offer a tokenized solution to one of the
fastest-growing alternative asset classes: compliance carbon.
Empowering Climate Action Through Compliance Carbon
Tokenization
Compliance carbon has been one of the fastest growing
alternative asset classes given increased regulatory and business
scrutiny on emissions. The S&P Global Carbon Credit Index,
which tracks the most liquid segment of the tradable carbon credit
futures markets, has seen a 15.68% annualized return over the past
five years. The value of these markets reached nearly one trillion USD in 2023.
The partnership with Plume Network allows Maseer to bring fully
collateralized carbon products on-chain, where they will be fully
compatible with Web3's potent DeFi
sector. DeFi integration vastly
enhances compliance carbon markets with superior liquidity
solutions and greater access to a global body of investors, broader
market demand, and new yield sources.
"We are excited to partner with Plume to bring carbon allowances
on chain. Plume is uniquely positioned to bring this vision to
fruition because they are the only chain purpose built for RWAs.
They've raised the bar with their tokenization engine,
infrastructure tooling, and ecosystem network effects. We believe
Plume is on the bleeding edge of on-chain adoption of RWAs," said
Bradley Allgood, CEO of Maseer.
"Energy transition is an asset category that we have been
increasingly focused on at Plume because of growing demand for
climate action, both from a government and corporate sustainability
perspective. Volumes for the global carbon credit market are
forecasted to grow at a 39% CAGR from 2024 to 2033," said Teddy
Pornprinya, Chief Business Officer and Co-Founder at Plume
Network.
What are carbon allowances?
Compliance carbon allowances trade under cap-and-trade programs
known as Emissions Trading Systems (ETS). These systems create
transparent, liquid markets that are government-mandated and
regulated. As of April 1, 2024,
approximately 18 percent of global greenhouse gas emissions are
covered by emissions trading systems (ETS). Carbon allowances are
distinct from project-based carbon offsets and offer a market-based
approach to regulating a region's emissions, with mandatory
participation for specified industries. Carbon allowance supply is
managed by government agencies and adjusted primarily through an
annually declining cap.
About Plume
Plume is the first fully integrated L1
modular blockchain focused on RWAfi, offering a composable,
EVM-compatible environment for onboarding and managing diverse
real-world assets. With 180+ projects on its private devnet, Plume
provides an end-to-end tokenization engine and a network of
financial infrastructure partners, simplifying asset onboarding and
enabling seamless DeFi integration
for RWAs. Learn more at https://www.plumenetwork.xyz/ or
contact press@plumenetwork.xyz
About Maseer
Maseer operates out of Abu Dhabi Global
Market (ADGM), the world's leading Special Economic Zone (SEZ) for
digital asset innovation. Maseer is led by Tokenization and Free
Zone Veteran Bradley Allgood and is focused on the design of
bringing real world assets on chain to be fully interoperable with
DeFi. Maseer has developed strategic
relationships with Sovereign Nations and Large Enterprises to
identify the highest quality real world assets around the
world.
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SOURCE Plume Network
