FDCTech signs agreement with Freedom Holdings, and Carbon-Zero

FDCTech signs agreement with Freedom Holdings, and Carbon-Zero

By Edlyn Cardoza

Freedom Holdings, Inc. recently announced that it has selected FDCTech, Inc., a FinTech company with a full suite of digital financial services solutions, as its software development partner for developing Blockchain-based Carbon Credit Ecosystem for its subsidiary Carbon Zero Asset Management, Inc.

Under the terms of the development agreement, the ecosystem will include the minting and burning protocols, a transparent mechanism for validating and distributing tokens backed by carbon credit as assets, a trading venue (makers/takers) for tokens, and tools to engage all stakeholders, including the carbon credit originators, offsetters, project verifiers, liquidity providers, non-government organizations (NGOs), concerned citizens, and governments. After properly validating the carbon credits, the proposed platform plans to transfer them to the Blockchain (e.g., Etherum) by converting them into digital tokens. The platform focuses on carbon credit generators or originators in the renewable space and voluntary schemes.

“FDC has a proven track record in developing regulated grade trading multi-asset platforms for entities across multi-jurisdictions. Our partnership with FDC will allow us to deliver and support complex integrated blockchain solutions quickly and cost-effectively. As announced recently, it is a significant step for us to bring the Carbon Credit ecosystem to the market and to become cash flow positive,” Brian Kistler, CEO, Freedom Holdings, Inc.

“We are delighted to partner with FHLD’s initiative to bring programmable carbon market to smaller business and individuals who will have access to buy or sell the carbon credits,” said Imran Firoz, Co-Founder, CFO, and NFT/Blockchain Team Leader. He added, “FDC’s engagement to manage the development of the complete carbon credit blockchain ecosystem underscores our core software development capabilities. The project will further consolidate and add to our NFT platform initiative announced in December 2021.”

Recently, IBS Intelligence reported that Freedom Holdings, Inc. recently announced that on December 30, 2021, it closed the acquisition of Carbon Zero Asset Management, Inc. for a stock-for-stock exchange.