Home » Thallo Lands $2.5M for Next Generation Carbon Credit Exchange Powered by Blockchain

Thallo Lands $2.5M for Next Generation Carbon Credit Exchange Powered by Blockchain

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Sharm el-Sheikh, Egypt–()– climate tech and web3 startup Taro announced today that it has closed an oversubscribed $2.5 million seed round. Thallo’s First Marketplace Uses web3 Technology to Solve Key Pain Points Impacting Modern Voluntary Carbon Markets Increasingly Important for Companies to Meet Their Sustainability Goals doing.

Investors include enterprise blockchain and crypto companies ripple lead investor Arcan LLC When friendly trading group 2even as allegory, Cerulean Ventures When Flori VenturesThallo also announced that it has received a grant from Layer 1 Blockchain. Cello, via climate collectivehas a technical partnership with ripple.

“The only real way to truly move the climate emergency forward is through increased participation. Ryan Gledhill, Thallo co-founder and CEO. “in short, every day Those who want to invest in the future of our species, every day Investors seeking to leverage ESG, and every day Companies that want to help to benefit from effortless and direct access to voluntary carbon markets. That’s what his Thallo offers and our investors and partners are perfectly aligned with our common goals. ”

Created by climate tech experts and blockchain entrepreneurs, Thallo fills a huge gap in today’s voluntary carbon markets by sitting at the intersection between traditional carbon market players and web3 innovations. increase. The company uses blockchain technology to build a better voluntary marketplace that is more efficient, democratic and ensures that funds go to projects rather than intermediaries.

Thallo’s flagship carbon exchange allows companies and individuals to filter high-quality, verified carbon credits directly from project developers, using blockchain technology to make the process efficient, traceable and transparent. , search and purchase. Key differentiators include the company’s de-commoditized approach to carbon credits and its focus on working directly with project developers to ensure fair value.

The company has already made big strides: Thallo recently announced In collaboration with the award-winning Colombia-based registry BioCarbon Registry, we will launch the world’s first two-way carbon bridge. This is the first time that the Carbon Registry includes tokenization of carbon credits as part of the process. Through a two-way bridge, businesses and individuals can move credits on and off the blockchain, facilitating the purchase, sale and retirement of credits with full transparency and traceability.

The founding team represents a balanced mix of web3 and climate technology capabilities, including sustainability experts Joe Hargreaves Veteran Blockchain Developer and Serial Entrepreneur Ryan Gredhill When Adam Dry. They are complemented by Haley Moller, a climate communications expert with an INSEAD MBA and background in environmental science, leading marketing for the business. The company has his ten full-time staff.

Taro is already Strong partner network Collaborators including project developers Biofix, InPlanet, TrendCO2e, UNDO, When bentley innovations; leading web3 player Ripple, Cello, Polygon, When chain link; and dozens of other partners.

Thallo is one of the few blockchain experts invited to participate. gold standardof the Digital Assets Working Group and American Carbon Registryhas participated in the private consultation process of Bellapublic consultation process.

Taro is a member of carbon business council; climate collective; European Carbon Offset Tokenization Association (ECOTA); Natural Climate Solution Allianceconvened by WBCSD When world economic forumis the signer of the ; crypto climate pact.

The company also recently released Fast forward: The challenge to scaling voluntary carbon markets, A report containing never-before-seen insights examining the major project supply bottlenecks in today’s voluntary carbon market and how to mitigate them.

The voluntary carbon market is one of the fastest growing markets in the world, almost $2 billion For the first time in 2021, $150 billion in the next eight years.

About Taro

Thallo uses blockchain technology, a first of its kind, to revolutionize and democratize the carbon market, making it easier for buyers and sellers of high-quality carbon credits to find each other. Our team of seasoned blockchain entrepreneurs and climate tech experts combine technical expertise with deep sustainability knowledge to build the carbon markets of the future. Thallo’s first institutional funding was oversubscribed, led by investors his Friendly Trading Group 2, LLC and Arcan LLC.follow Taro twitter When LinkedIn or join us Telegram groups for updates. For more information, see: www.thallo.io.

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