CarbonHood has today announced a world-first project, partnering with Redbelly Network and Blubird, to tokenize an initial 950 million tons of carbon credits, valued at approximately US$70 billion, and issue them directly from a global digital asset registry. This effort is the first step in a broader plan to bring a 32 billion ton asset book valued at up to US$2 trillion on-chain by the end of 2025.
The CarbonHood Group, one of the largest and fastest-growing carbon credit companies globally, acts as a creator, verifier, and offset enabler for environmentally conscious companies managing their Net Zero commitments.
Yani Wolf, Director at CarbonHood, explains the company’s vision:
“Our mission is to revolutionise trust in the carbon credit market by providing a secure, transparent, and reliable platform for certifying and trading carbon assets. We are committed to the highest standards of verification and integrity, eliminating inefficiencies and introducing regulatory controls to enhance market transparency.”
As the business has scaled rapidly, the complexity of managing the total asset book—currently at 32 billion tons of carbon with a market value of $2 trillion—has also increased. With the CarbonHood team using 15 separate registries to manage these assets, the associated costs and risks have become more pressing. The team identified the need for an open and composable technology solution that would move the issuance point on-chain, creating a single, transparent source of truth for issuing, verifying, and trading carbon assets.
After a global technology review, CarbonHood selected Redbelly Network’s Compliant Asset Tokenization for its ability to meet strict requirements. With user identity, accountability, and scalability at its core, Redbelly is the only public blockchain capable of supporting this digital asset registry. Its compliant composability allows for trade enforcement across various regulatory frameworks, making it essential to achieving CarbonHood’s global digital registry goal.
Alan Burt, Redbelly’s Executive Chairman, elaborates on the impact of this partnership:
“Our fast, secure blockchain network will make this the first project to issue carbon assets directly from a global on-chain registry. Redbelly’s Layer 1 integration of verifiable credentials and accountability, combined with our support for real-world regulations, ensures that CarbonHood can effectively address concerns around validity, compliance, and maintaining asset value.”
Blubird’s blockchain registry will be central to CarbonHood’s operations, facilitating the transition from traditional Web 2 registries to a modern, on-chain system. This transformation will enhance market efficiency and integrity, creating a single, trusted source of truth for carbon assets. By leveraging Blubird's technology, CarbonHood provides a seamless experience for managing and trading CarbonHood Credits, further solidifying its leadership in the global carbon trading market.
Corey Billington, Blubird's Founder and CEO notes:
"The Blubird team is excited to mark this pivotal milestone in partnership with CarbonHood and Redbelly Network. By tokenizing carbon credits, we’re driving a transformative shift in how assets are managed and traded within the blockchain ecosystem. Our goal to bring up to $2 trillion in assets on-chain by the end of 2025 is just the beginning of what we can accomplish together."
Yani Wolf emphasises the importance of these partnerships and projects for the carbon credit industry and the global environmental movement:
“We envision a future where every carbon credit is a trusted representation of real environmental impact, empowering businesses, governments, and individuals to confidently engage in carbon markets and contribute to the global effort to combat climate change. We are excited to be working with such amazing partners as Redbelly Network and Blubird to bring this vision to life.”
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