Kubix Digital Asset Co., Ltd. has announced a partnership with InterOpera, a Singapore-based platform provider for carbon credit trading, to explore the development of a tokenized carbon credit market in Thailand. The collaboration aims to create a robust infrastructure for issuing and trading digital tokens backed by carbon credits.
Pathomchai Taengnoi, acting managing director of Kubix, noted that while “green tokenization” is a new concept in Thailand, it is a growing trend globally. He emphasized the need for a transparent and reliable system that integrates with financial infrastructure, which Kubix hopes to build for Thai businesses to compete in the international market.
The initial phase of the partnership will focus on assessing InterOpera’s OperaX platform, which is known for its transparency and efficiency. Kubix plans to use this knowledge to enhance its own system for tokenization, offering, and settlement, with the goal of creating a comprehensive trading system for Thai tokenized carbon credits.
According to Kubix, Thailand has significant potential for nature-based carbon credits from forests and mangroves. The company believes that tokenization will increase transparency and allow Thai carbon credits to gain greater access to the global market, which is projected to reach a value of $1 trillion by 2037. This initiative is a key part of Kubix’s strategy to use financial mechanisms to help Thailand achieve its Net Zero goal by 2065.
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