BetaCarbon converts government-issued Australian Carbon Credit Units (ACCUs) into blockchain-based Australian Carbon Tokens (BCAUs). Each token represents one kilogram of captured CO2, providing investors exposure to the growing Australian carbon market. This platform allows users to invest in verified carbon capture projects via digital assets on the Ethereum network.
Funding
$2.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Investing in carbon credits can be complex and inaccessible for many investors, hindering broader participation in carbon reduction initiatives. Traditional carbon markets often lack transparency and have high barriers to entry, limiting opportunities for individuals and smaller entities to contribute to and benefit from carbon offsetting.
Solution
BetaCarbon operates a platform that tokenizes Australian Carbon Credit Units (ACCUs) into Australian Carbon Tokens (BCAUs) on the Ethereum blockchain, creating a transparent and accessible digital carbon market. By converting government-issued carbon credits into blockchain-based tokens, BetaCarbon enables investors to easily buy, sell, and track their carbon credit investments. Each BCAU represents 1kg of captured CO2, allowing investors to directly participate in Australia's transition to net-zero emissions. The platform aims to lower the barriers to entry in the carbon market, providing a secure and efficient way to invest in verified carbon capture projects.
Target Audience
The primary target audience includes investors seeking exposure to the Australian carbon market, individuals interested in offsetting their carbon footprint, and companies striving to meet net-zero goals.
Features
- Tokenization of Australian Carbon Credit Units (ACCUs) into Australian Carbon Tokens (BCAUs) on the Ethereum blockchain.
- Transparent tracking of carbon credit investments through blockchain technology.
- Platform for buying and selling BCAUs, facilitating participation in the Australian carbon market.
- Custodial structure for underlying assets, ensuring security of investments.
- Wholesale Australian Financial Services Licence and registration with AUSTRAC.
- Access to government-verified carbon projects that remove or avoid CO2 emissions.
- Integration with digital wallets and digital asset custodians for secure storage of BCAUs.