28 Jun, 22

News Release: Zerocap enables trade of tokenised carbon credits with A$DC

Zerocap ANZ Bank
Tammy Paola

Melbourne, 27 June 2022: Zerocap has joined forces with ANZ Bank and carbon
credits platform Beta Carbon to successfully trade on its platform tokenised Australian
carbon credits (BCAU) using the ANZ Bank issued A$DC stablecoin.


The innovative transaction, undertaken for Zerocap client Victor Smorgon Group, is a ground
breaker in promoting frictionless and secure digital transacting for carbon abatement
instruments and climate control assets.


Zerocap CEO Ryan McCall said, “Zerocap’s mission is to bridge the worlds of traditional
markets and digital assets. We’re thrilled to continue our role at the forefront in taking digital
assets mainstream with this transaction.


“With Zerocap providing custody and creating a market for carbon credits with A$DC, we’re
proving how efficient a digital asset ecosystem can be for trading and settlement of an asset
that most people don’t even associate with crypto, at least not yet.


“Zerocap’s thesis is we’ll see the ‘tokenisation of everything,’ from carbon credits to bonds,
equities, property and more. This transaction is a huge milestone in realising that vision.


“We believe that the tokenisation of assets combined with blockchain technologies that allow
frictionless transacting and just as importantly immediate, irrefutable settlement and secure
custody. It shows the digital transacting and our efficient markets can play an important role
in the necessary development of carbon abatement instruments and assets”.


Zerocap sourced the BCAU from BetaCarbon, which tokenises Australian Carbon Credit
Units (ACCUs) into digital tokens, with each representing 1kg of carbon captured.


This transaction is significant as it provided A$DC/BCAU liquidity, while offering both Victor
Smorgon Group and Zerocap redemption rights for A$DC.


The latest A$DC transaction comes after the successful execution by ANZ and Zerocap in
March of the first Australian-bank issued Australian-dollar stablecoin payment through a
public permissionless blockchain transaction.


“We are delighted to work with ANZ, Victor Smorgon Group and, BetaCarbon to bring our
knowledge of crypto assets, coins, and the market to this initiative, Ryan McCall said.

ENDS

About Zerocap 
Zerocap’s mantra is zero friction, borderless finance. Zerocap is Australia’s leading full-
service crypto platform, providing tailored investment products and secure custody to a
global client base of wholesale investors, institutions, HNWs and family offices. 
Zerocap creates bespoke solutions for investors to build and diversify their investment
portfolio with digital assets, through a range of direct exposure products
across the volatility spectrum to fit with their desired levels of investment and risk.
Zerocap’s people bring a deep understanding of digital asset technology, trading, and
portfolio optimisation, having processed a billion dollars of digital assets for private investors, family offices and institutions. Zerocap has assembled a team of blockchain experts,
institutional portfolio managers and advisers, and experienced traders; backed by strong compliance, security and reporting functions. 
Zerocap provides market leading institutional grade custody and storage facilities backed by
insurance policies for all of its investors, utilising best-in-class technology such as MPC
cryptography and hardware isolation.

www.zerocap.com

FAQs

What is the significance of Zerocap’s partnership with ANZ Bank and Beta Carbon?

Zerocap has partnered with ANZ Bank and Beta Carbon to enable the trading of tokenised Australian carbon credits (BCAU) using the ANZ Bank issued A$DC stablecoin. This transaction is a pioneering step in promoting frictionless and secure digital transactions for carbon abatement instruments and climate control assets.

What does Zerocap’s mission entail in the context of digital assets?

Zerocap’s mission is to bridge the worlds of traditional markets and digital assets. They aim to take digital assets mainstream, as demonstrated by their role in creating a market for carbon credits with A$DC. Zerocap believes in the ‘tokenisation of everything,’ from carbon credits to bonds, equities, property, and more.

How does the tokenisation of carbon credits work?

Zerocap sourced the BCAU from BetaCarbon, which tokenises Australian Carbon Credit Units (ACCUs) into digital tokens. Each token represents 1kg of carbon captured. This transaction is significant as it provided A$DC/BCAU liquidity, while offering both Victor Smorgon Group and Zerocap redemption rights for A$DC.

What was the outcome of the first Australian-bank issued Australian-dollar stablecoin payment?

The first Australian-bank issued Australian-dollar stablecoin payment was successfully executed by ANZ and Zerocap in March through a public permissionless blockchain transaction. This latest transaction with A$DC and BCAU continues to build on that success.

What services does Zerocap offer?

Zerocap is Australia’s leading full-service crypto platform, providing tailored investment products and secure custody to a global client base of wholesale investors, institutions, HNWs, and family offices. They create bespoke solutions for investors to build and diversify their investment portfolio with digital assets. Zerocap provides market-leading institutional-grade custody and storage facilities backed by insurance policies for all of its investors.

Like this article? Share
Latest Insights

28 Jun, 22

Zerocap Partners with Fireblocks: One of their First Institutional Crypto Custody Providers

Zerocap is One of the First Institutional Crypto Custody Providers to Join the Fireblocks Global Custodian Partner Program. Read more in recent articles in Coindesk,

Weekly Crypto Market Wrap, 15th July 2024

Download the PDF Zerocap is a market-leading digital asset firm, providing trading, liquidity and custody to forward-thinking institutions and investors globally. To learn more, contact

Weekly Crypto Market Wrap, 8th July 2024

Download the PDF Zerocap provides digital asset liquidity and digital asset custodial services to forward-thinking investors and institutions globally. For frictionless access to digital assets

Receive Our Insights

Subscribe to receive our publications in newsletter format — the best way to stay informed about crypto asset market trends and topics.

Want to see how bitcoin and other digital assets fit into your portfolio?

Contact Us
Ready to sign up?
Create an Account