Kubix Digital Asset Co., Ltd. (Kubix) has partnered with InterOpera, the platform provider of OperaX for carbon credit trading in Singapore, to explore new approaches to developing infrastructure that will enhance the issuance and trading of tokenized carbon credits. The collaboration aims to leverage this knowledge to develop and elevate its system infrastructure, covering the tokenization of carbon credits, the offering platform, and settlement and custody processes. This will ensure that the system can fully support the trading of Thailand’s tokenized carbon credits and align with the growth of the global carbon credit market.
Mr. Pathomchai Taengnoi, Acting Managing Director of Kubix Digital Asset highlighted that “While Green Tokenization is still at an early stage in Thailand, several countries have already established robust frameworks and implemented Tokenized Carbon Credit initiatives. The carbon market increasingly demands transparency, credibility, and systems that are effectively integrated with financial infrastructure. At Kubix, we are focused on developing scalable, reliable systems that empowers Thai businesses to participate in this emerging market and remain competitive on the global stage.”
As the first step in this collaboration, Kubix will explore new approaches and assess the potential of InterOpera’s platform for trading carbon credits and renewable energy certificates, which is recognized for its transparency, efficiency, and regional market connectivity. This assessment will focus on how OperaX’s capabilities can be leveraged with Kubix’s tokenization and subscription infrastructure. The goal is to enable efficient trading of tokenized carbon credits in Thailand and establish seamless settlement and custody processes. Ultimately, this will create a comprehensive trading system for Thailand’s tokenized carbon credits, giving digital token issuers access to a wider market and aligning with the growth of the global carbon credit market, which is projected to reach $1 trillion by 2037 (BloombergNEF).
Thailand holds substantial potential for high quality, nature-based carbon credits from its forests and mangroves, offering significant carbon sequestration and crucial biodiversity and social co-benefits for local communities highly valued in the voluntary carbon market. Kubix believes that the tokenization of these carbon credits will be a key to increasing transparency, ensuring traceability of their environmental impact and social co-benefits, and expanding access to global markets for Thailand’s quality carbon credits in the future.
In conclusion, Mr. Pathomchai added: “A key focus for Kubix, in alignment with its vision, will be to address the crucial need for financing high-quality Thai carbon credit projects. Building on its expertise as an ICO portal, Kubix is taking on a pioneering role in Green Tokenization to facilitate Initial Coin Offerings (ICOs), mobilizing both domestic and international capital for these vital carbon credit projects. This strategic move not only positions Kubix at the forefront of climate finance innovation in Thailand but also leverages financial mechanisms to support the country’s progress towards its Net Zero goal by 2065.”
Kubix’s prior success in the digital asset space, including the launch of Thailand’s first regulated project-based investment token, provides a robust foundation for this ambitious step towards a sustainable future.
