CandleFocus

Tokenovate to transform carbon credits with blockchain

Tokenovate, a UK-based company, is targeting the $1.2 quadrillion derivatives market with its blockchain products. The company has launched a minimum viable product for its derivatives market solution, using smart contracts to manage the lifecycle of trades. Tokenovate is also exploring the tokenization and lifecycle management of carbon credits and recently collaborated with a peatland restoration partner in Scotland. The company's platform is asset class-agnostic, allowing it to switch between different asset classes, and it is already exploring other asset classes. Tokenovate aims to create a multi-tenant SaaS platform for the financial sector.

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