Our goal is to leverage emerging technologies to enable investors, businesses, and governments to align their financial objectives with sustainability goals.
MVGX bridges the gap between the crypto ecosystem and traditional financial services, enabling investors to benefit from the best of what digital assets can offer in terms of portfolio diversification and liquidity enhancement, all within a safe, secure, and regulated environment.
To achieve this, governments will need to significantly reduce their greenhouse gas emissions as soon as possible based on their plans for climate action, which were submitted in 2020 — otherwise known as nationally determined contributions .
Double-counting refers to the phenomenon where two separate entities — be it the organization that’s trying to offset its emissions in Country A or the country where the sustainability project is hosted — claim credit for the same carbon removal or emission reduction.
Beyond governments, companies also need to play a role in offsetting their emissions.
In line with this, MVGX’s Carbon Neutrality Token — a form of carbon offset exchanged in voluntary markets for carbon credits.
Ahead of COP26 in Glasgow last year, we launched our first batch of CNTs™, equivalent to 10,000 tCO₂, tied to carbon credits generated by a wind project in Zhangjiakou, located in China’s Hebei province.
For example, if I had an NFT of a painting, if a stroke of red paint were added onto the canvas after the NFT was minted, the NFT wouldn’t automatically update to reflect that.
With our focus on bringing real-world assets into the metaverse, our NFDT™ technology allows us to do this so that all interactions with objects in the digital realm reflect their actual state in the real world.
With so many businesses around the world struggling to navigate the challenges of carbon reporting, we designed the Carbon Management System to support businesses with the reporting, calculation, and validation process to credibly certify carbon neutrality in accordance with the British Standards Institute’s ISO 14064-1:2018 Carbon Footprint Verification and PAS 2060 Carbon Neutrality Verification.
Using ourselves as the first case study to attest to our carbon neutrality for 2021, the Carbon Management System is now available to all institutions looking to enhance their sustainability commitments and further their ESG mandates.
2022 has been a promising year for MVGX — from welcoming ex-Société Générale executive Eddie Hui as our new COO to our latest strategic cooperation with Greenland Financial Group Technology , a core platform of Greenland Group, a global Fortune 500 company and one of Shanghai’s largest state-backed enterprises.
We’ll also be working with Greenland Financial Technology’s controlled subsidiary, Guizhou Green Finance and Emissions Exchange, to establish the most advanced digital carbon trading platform and registry arising from carbon assets in China — especially China Certified Emission Reduction projects in the real estate and green infrastructure industries.