Last Mile Production has partnered with Fireblocks to provide institutional custody and tokenization for the LMCX carbon avoidance token. This move aims to bring institutional grade security and infrastructure to the trading of carbon avoidance assets. By using tokenization, the company intends to improve the liquidity and accessibility of carbon avoidance tokens, allowing for more efficient management of climate assets within a secure digital framework.
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Another carbon project moving to tokens. The tech side looks solid with Fireblocks, but I want to see the actual methodology behind these avoidance tokens. Avoidance is always harder to verify than removal.
Exactly. The custody infrastructure is just a wrapper. The real question is which reporting standard they are using to quantify the avoidance. Without a strict regulatory framework, tokenization just makes it easier to trade potentially low quality credits.
Institutional custody is a start, but what is the actual volume of carbon being avoided here? I am more interested in the project scale and the timeline for implementation than the choice of digital wallet.
