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DeepMarkit Shares Industry and Corporate Update

DeepMarkit Corp. provided its industry and corporate update to keep shareholders and the media informed about its unique competitive position in a growing asset class.

The recent milestones in the carbon industry include:

  • Blackstone’s investing $400 million in Xpansiv
  • BMO purchasing Radicle Group
  • CPP Investments adding an “Investing in the Potential of Carbon Credits” section to its website; and
  • Norton Rose Fulbright publishing its “Draft Core Carbon Principles for the Voluntary Carbon Market”
  • Bloomberg reported that “a record US$1.4 billion poured into climate and carbon-focused startups in the Q2 2022

DeepMarkit’s Competitive Position

DeepMarkit’s overall plan is based on combining the growth of the informal carbon offset market with the maturation of blockchain technology.

The company launched MintCarbon.io to offer a simple onboarding process to users in the VCM to access carbon offsets via blockchain.

The platform’s user-focused service seeks to ensure that carbon offsets that are onboarded are only of the highest quality and have passed third-party checks.

Its focus is to add a project’s story and embed project data within the token for a more robust, project-friendly offering.

Carbon Offsets – A Growing Asset Class

The size of the VCM has grown rapidly in recent years with its value almost quadrupling in 2021 towards US$2 billion.

Also, prices climbed in 2021 ($4.0) by nearly 60% over 2020 ($2.5) to a point not seen since 2013. Looking ahead, the rise in corporate net zero pledges will further drive demand growth and expansion in VCMs.

Recent Milestones Achieved

DeepMarkit’s wholly owned subsidiary, First Carbon Corp., has received a Security Assessment Certificate from Quantstamp, Inc.

The firm achieved the commercial launch of its proprietary MintCarbon.io platform and received its first purchase order from WILL Solutions Inc.

The company signed a letter of intent with Bloom X Alliance Inc. to form a referral arrangement.

Read full news release here.

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