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Laxman Pai, Opalesque Asia: Digital asset and tokenized carbon credit exchange 1GCX and T3 Research, a principal trading firm specializing in cryptocurrency, commodities, and carbon offsets, raising a whopping $2 billion and setting up a $100 million liquidity pool to ease carbon credit transactions.
According to a press release from the digital assets-focused exchange and carbon credit liquidity provider, carbon credits have the potential to scale to a multi-trillion dollar market over the next several years, but the market opportunity is still relatively untapped as the sector continues to mature.
T3 fund will significantly increase trade volume on the 1GCX carbon credits exchange and drive revenue for the rapidly growing carbon offsets market, said the release.
"The liquidity that T3 provides supports 1GCX's effort to expand access to secure, verifiable environmental assets and establish a standard for buying and selling carbon credits in a burgeoning industry," it added.
Michael Wilson, President and COO of 1GCX said: "By partnering with T3 Research as a third-party liquidity provider, we will ensure a constant stream of liquidity on the 1GCX exchange in order to drive price discovery and trade volume while normalizing supply and demand for the tokenized carbon credits market."
According to the release, T3 trades across multiple exchanges within the cryptocurrency and commodities markets in order to close the spread on 1GCX. The partnership will also pr...................... To view our full article Click here
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