Concordium, Upwood.io Partner for Tokenisation of Forest Plots

Highlights

• Concordium and Upwood.io create an easy-to-use platform for investing in real-world forests and carbon credits.
• Upwood.io's user-friendly platform helps invest in tokenised forests.
• Concordium’s blockchain technology secures transactions, easier to track and builds trust and accountability.

Concordium, a leading blockchain platform, has partnered with Upwood.io, a soon-to-be-launched Latvian investment platform, which specialises in tokenising real-world forests, carbon credits, and carbon removal projects across the European Union.

Upwood.io lets you invest in tokens backed by real forests. These tokens earn returns through activities like:

• Cutting mature trees
• Planting new ones
• Selling carbon credits

You can sell your carbon credits or use them to offset your own carbon footprint. Upwood.io’s user-friendly platform makes it easy to manage your investments and see real-time updates on carbon credits and project progress.

Fractional Ownership and Access for All

Upwood.io makes it possible for people and organisations to co-own forests through tokenisation. You can browse and choose from different investment opportunities on the platform, with all the information you need to make informed decisions. This approach allows more people to invest in forests by pooling resources together.

Each token represents a share of ownership in a forest asset, allowing investors to monitor and verify sustainable practices. These tokens signify ownership and generate financial returns through:

• Appreciation in asset value
• Income from carbon credits
• Harvesting of mature timber

Upwood.io collaborates with experienced forest management services, so investors can concentrate on their portfolios while Upwood takes care of the forests' well-being.

Blockchain for Better Transparency and Security

Upwood.io uses Concordium’s blockchain technology to make forest investments and carbon credits more traceable and secure. This system also protects privacy and keeps data safe.

Aligned Goals and Sustainable Impact

This partnership aligns with Concordium’s mission to boost sustainable investments and improve security. Upwood.io’s new approach helps grow green finance and increases its value on the Concordium Network.

Real-Time Tracking for Smart Decisions

Upwood.io’s platform offers real-time data on how investments are performing. Investors can track their portfolios, monitor carbon credits, and see the environmental impact of their investments using Upwood’s geospatial forest monitoring system. This transparency builds trust and keeps everyone informed about their investments’ progress.

The partnership between Concordium and Upwood.io is a big step toward a more transparent, accountable, and sustainable future. By leveraging blockchain technology, they aim to achieve positive environmental and financial outcomes.

Follow KnowESG's Technology News for regular news and views.

Discover an extensive network of ESG providers here

Check out our latest ESG Event updates

Source: Concordium