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INNOVATIVE PROJECTS IN ENERGY & ENVIRONMENT

Market intelligence and data on blockchain companies and projects in the Energy & Environment Sector

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Veridium Labs

Veridium Labs

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COMPANY OVERVIEW

Company Description

Veridium Labs Ltd. is a startup owned by parent EnVision Corporation, a company that is an incubator of sustainable technologies. Veridium’s goal is to create a tokenized marketplace for natural capital (environmental) assets and is starting with carbon credits. Veridium is tokenizing carbon credits into fungible assets that have liquidity on the Stellar blockchain platform. Veridium partnered with IBM in October 2017 to create the new Verde token. The token is based on carbon offsets from forest management projects (REDD+) and renewable energy projects around the world (TIGR).
In the partnership, IBM is the token manager or broker, Stellar is the underlying ledger, and Veridium provides the environmental structure. The initial Verde tokens will include REDD+ credits from InfiniteEARTH, a sister company owned by EnVision. REDD+ is a carbon offset measured by reducing deforestation and forest degradation beginning with a pioneering project in Indonesia, the Rimba Raya Biodiversity Reserve.

Company Details

Legal Company Name:

Veridium Labs Ltd.

Year Founded:

Oct 2017

Company Status:

Active and Operating

CEO:

Company Website:

Project Activity

Number of Projects:

1

Furthest Project Status:

Developing

Furthest Project Phase:

Pre-Pilot

Investor Details

Open for Funding:

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Last Announced Funding:

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ICO Completed:

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Company Locations

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