DeFi 🤝 ReFi
Web3 infrastructure for regenerative finance — ReFi.
”Attention: Verra Registry currently does not support the tokenization of carbon credits and this will not be available on the Toucan UI. Verra Registry is currently identifying the safest way forward regarding carbon credit tokenization. Read our official response to the Verra announcement. official response to the Verra announcement.”
Toucan is building technology to move carbon credits onto open blockchains. This unlocks innovation and financing for meaningful climate action at scale.
- To bring carbon on-chain, we've built the Carbon Bridge. Anyone can use it to tokenize carbon credits. What does that mean? This means existing, certified carbon credits are transferred onto Toucan ’s system, which uses smart contracts to create a secure, scalable registry. So after being added to the registry these tokenized credits can be used in the rapidly growing world of decentralized finance (DeFi), for NFTs or gaming experiences.
- Our Carbon Pools are a way of grouping together tokens linked to credits with similar attributes. The result: standardized and deeply liquid carbon pool tokens (like BCT and NCT) that can be easily priced and traded on cryptocurrency exchanges.
- Information about all tokenized carbon credits is stored on the Open Climate Registry. This is an neutral and open carbon ledger holding project information, trading history and retirement details of carbon credits for anyone to see. The Open Climate Registry brings much-needed transparency into a previously opaque market.
Want to learn more about our mission & vision? Check out our blog and start with 9 facts about Toucan:
There you can find out how to query the blockchain to get more details on the tokens you are using through the Subgraph endpoints. Check out our Faucet for test tokens to play around with Toucan though we recommend using local forks in your testing environment when developing on Toucan. Get inspiration what to build from our integration examples and find out how you can easily integrate retirement of carbon credits with our OffsetHelper.