On August 29, YUNFENG FIN (00376) announced the completion of comprehensive blockchain integration for carbon credit asset trading data in partnership with the Macau International Carbon Exchange (referred to as "Macau Carbon Exchange"), officially launching the first "Carbon Trading BlockChain" initiative focused on high-quality carbon credits. This move represents a significant strategic deployment by YUNFENG FIN and the Macau Carbon Exchange in the Web3 sector, aimed at building next-generation infrastructure for the global green asset market and establishing a trusted and efficient new carbon market ecosystem.
The initiative is part of a new Web3 carbon infrastructure being developed by the Macau Carbon Exchange, which is jointly invested by YUNFENG FIN and Yunfeng Fund. This platform will serve as an innovative attempt and effective supplement to traditional carbon trading markets and green electricity certificate markets, with technical implementation provided by YUNFENG FIN's blockchain team. The plan demonstrates YUNFENG FIN's important transformation toward the Web3 sector and Yunfeng Fund's practice of responsible investment and ESG value creation for long-term benefits.
The Macau Carbon Exchange has currently accumulated over 1 million tons of carbon credit transactions and 200,000 green certificates, with trading clients including leading enterprises such as Brazilian forestry groups, Cathay Securities, Mitsubishi Electric, and CNBM Green Energy.
The global carbon credit market is currently facing a trust crisis regarding quality, with frequent issues such as "greenwashing" and double counting. Project authenticity and additionality are questionable, coupled with inconsistent standards and lack of transparency, making it difficult for high-quality projects to gain recognition for their value. Investors face high reputational risks and trust costs, constraining market scale and healthy development.
The "Carbon Chain" initiative is precisely designed as a solution to address these pain points. Through blockchain technology, it assigns a full-lifecycle traceable digital identity to every green asset, building a trusted and efficient new carbon market ecosystem. The plan puts the entire process of carbon credit development, issuance, trading, and retirement on-chain, forming closed-loop management to ensure full-lifecycle transparency and traceability. It promotes deep integration between the real-world value of carbon assets and their digital attributes, facilitating smooth connections between global capital and high-quality carbon projects, truly unleashing the potential of the carbon market.