Puro Carbon Bridge
Our Puro carbon bridge enables the tokenization, detokenization, and retirement of CO2 removal certificates (CORCs) issued by Puro.earth. We have developed the first two-way bridge that integrates with the Puro Connect API, providing a streamlined and secure way to move assets between the Puro Registry and the blockchain.
Use Cases
The Puro carbon bridge is beneficial for various market participants:
Project Developers: Projects that are issued Puro CORCs can tokenize their assets to take advantage of increased market efficiencies available onchain. For example, selling assets into a Toucan carbon pool offers instant settlement 24/7 with clear pricing signals. This process is faster than managing an OTC deal and can potentially offer higher prices.
Brokers: Brokers can source credits onchain and bring them offchain, or vice versa. Some market participants may also pursue arbitrage opportunities that exist between the onchain and offchain prices.
Climate Entrepreneurs: New use cases for carbon removal credits are emerging onchain. These projects can use Toucan's bridge to tokenize (or detokenize) carbon removal credits for their initiatives, leveraging the benefits of blockchain for climate action.
Requirements to Bridge
To bring carbon removal credits over the Puro carbon bridge, you'll need the following:
Puro.earth Account: You must have access to a Puro.earth account. If you'd like to tokenize, you also must hold CORCs in the Puro Registry. Visit the Puro website for details.
Blockchain/Web3 Wallet: In the case of tokenization, ensure you have the address of a wallet where you want the tokenized CORCs to be sent. The wallet must be compatible with our supported networks (Base, Polygon, and Celo). For detokenization, you must control a wallet that holds Puro TCO2 tokens.
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