Blue Carbon Asset-Backed Securities Listed on the Bermuda Stock Exchange
LONDON, FLORIDA, BERMUDA, June 8, 2024 (GLOBE NEWSWIRE) —
Key Point:
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Partnering with Lady Merle Liivand (Ecomermaid) and Logos Capital Group to generate investment liquidity to support vital marine conservation projects
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Bringing together top thought leaders and deep expertise on blue carbon
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Stock market listed blue carbon investments could help close the trillion dollar climate finance gap
XTCC, an investment ecosystem dedicated to integrity carbon-based exchange-listed investments, is marking World Oceans Day by announcing a partnership with Lady Merle, an Estonian swimming champion and ocean conservation advocate known globally as the “Eco Mermaid,” and Silvio Pupo-Casco of Logos Capital Group to expand investment opportunities and enable global access to this new asset class, supporting projects such as mangrove protection and transparent allocation of capital to nearby communities.
Lady Mar and Silvio will work closely with XTCC to identify mangrove and other blue carbon projects that will also directly benefit nearby communities. XTCC will leverage Lady Mar’s expertise in blue carbon science and Silvio’s investment network and commitment to deploying significant investment capital into a more impactful asset class to create new blue carbon investments that will be listed on global equity markets. XTCC will build a bridge between blue carbon projects and capital markets, enabling an asset class for a world beyond net zero.
Blue carbon refers to carbon absorbed by marine and coastal ecosystems around the world, including mangroves. By absorbing carbon, mangroves naturally reduce the impact of greenhouse gases on the Earth’s atmosphere. Coastal systems such as mangroves absorb large amounts of carbon quickly and sustainably (over millions of years). In fact, mangroves are 10 times more effective at absorbing carbon than any other type of forest, and they provide many benefits, including clean water, food security, and protection from extreme weather.
“XTCC is excited to join forces with NVIDIA to bring the power of NVIDIA to the NVIDIA GPU,” said XTCC CEO Seth Elliott. “To truly go beyond net zero, we must fight global warming through large-scale investment in nature-based projects in ocean protection. By introducing blue carbon-based exchange-listed investments, we aim to stimulate interest and generate liquidity to help fund blue carbon projects, redefine trust in carbon markets and stimulate the climate investments that are essential to save our planet.”
Lady Mar said: “Our oceans are the lungs of the world, playing a vital role in producing oxygen and absorbing carbon dioxide and waste. Thriving mangrove ecosystems not only maintain the natural world, but also support and enrich the communities that live around them. On the downside, when these important coastal systems are damaged, they release large amounts of carbon into the atmosphere and contribute to climate change. Therefore, it is essential that we protect and preserve mangroves and other coastal habitats, for the climate and, just as important, to protect the communities that depend on them to survive and thrive.”
Silvio Pupo Casco of Logos Capital Group said:“Investing in natural capital and purchasing high-credibility carbon credits is often complicated and opaque. Through our joint venture with XTCC, we aim to simplify and clarify this process, so investors know exactly what they are getting for their money. By leveraging cutting-edge technology, we will restore confidence in investing in critical natural capital and ecosystem services, especially in the blue carbon space,” he continued. “Our new blue carbon investment vehicle is designed to exceed current market standards for transparency and reporting. By setting a new benchmark for accountability and credibility, we are committed to providing unparalleled transparency and credibility in the carbon credit market. This next-generation investment vehicle will revolutionize global capital markets and have a profound impact on blue finance.”
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About XTCC
XTCC is the world’s first stock market listed ecosystem for high-credibility carbon-based exchange-traded investments sourced from verified, audited projects in renewable energy, nature-based solutions and blue carbon. XTCC has created the first financial product to establish fair market value as the standard for high-credibility carbon credits. Investments are needed to close the multi-trillion dollar gap in climate finance. XTCC provides an ecosystem of financial products to the capital markets to ensure rivers of liquidity flow to communities who need it most. XTCC is the asset class for a Beyond Net Zero world.
For more information about XTCC, please visit www.xtcc.investments or contact our Investor Relations team at ir@xtcc.investments.
About Logos Capital Group
Logos Capital is an impact investment firm focused on creating financial solutions to problems facing the world today. Founded in 2011, Logos Capital specializes in a variety of sectors, including investment banking, private equity, trade finance and project finance, and has worked on multiple projects in the United States and around the world. With blockchain-enabled capabilities and infrastructure to support the next generation of digitally native investors, Logos Capital Group is focused on accelerating innovative solutions to society’s most pressing problems.
In 2021, Logos Capital established the Logos Blue Economy Foundation to research and develop blue finance solutions, building a consortium of partners from around the world.
For more information, visit bluebonds.org.
About Lady Marl
Lady Marl is a competitive swimmer from Estonia, a record-breaking international open water swimmer, and marine conservationist known worldwide as an eco-mermaid and ice princess. On April 15, 2023, she swam 50 kilometers (31.13 miles) using a monofin in Biscayne Bay, Miami, Florida, USA, earning a Guinness World Record. Lady Marl demonstrated a “mermaid swim” in which she swims without using her arms, rippling her trunk and lower body, and using her monofin/tail for propulsion. She was underwater for 14 hours and 15 minutes.
Lady Marl is also a known campaigner against ocean pollution, using her long-distance open water swims as a way to raise awareness of this growing environmental issue. In fact, during the swim, she and her support team (in kayaks) removed about 20 pounds (9 kg) of trash from the bay. “Every single person has to try harder, because this situation is [rubbish] “It comes out of Biscayne Bay. We all depend on it. We depend on it economically, we depend on it health-wise, we depend on it community-wise. If that’s not shocking, I don’t know what to say.”
contact:
Seth Elliott CEO
Seth@xtcc.investments
About TCCC
CONTACT: Alice Ellman-Brown The Realization Group alice.ellman-brown@therealizationgroup.com
