Carbonmark incorporated in Dubai (DMCC) to scale environmental markets
Resource Center

Carbonmark incorporated in Dubai (DMCC) to scale environmental markets

March 5, 2024

Accelerating global climate financing: Carbonmark's new chapter in Dubai enhances access to environmental commodities markets

DUBAI, Arab Emirates, March 5, 2024 - Carbonmark, a service provider for companies in the environmental commodities markets, has incorporated in Dubai Multi Commodities Centre (DMCC). This significant milestone marks Carbonmark's transition from a technology solution initially incubated within KlimaDAO to an independent, commercial entity dedicated to innovating within the environmental commodity markets.

With its new independence and capital, Carbonmark is poised to accelerate the adoption and scaling of digital solutions across the climate finance sector. The new venture underscores a commitment to developing innovative climate finance solutions, offering institutional access to state-of-the-art carbon and environmental commodity market infrastructure.

Building on the foundations through its incubation since 2021, Carbonmark aggregates the supply and demand of environmental commodities using technical solutions to ensure a seamless experience for users.

Drew Bonneau, Director of Carbonmark, said:

We’re proud to formally launch Carbonmark DMCC and continue spearheading the innovation that KlimaDAO began while creating a world-class fintech platform. We believe markets are a solution to climate change – and that environmental markets connect nature to our global economy, providing critical capital to scale carbon mitigation and removal activities.

Carbonmark’s strategic launch in the Gulf Cooperation Council (GCC) region will enable the company to expand on its initial work abstracting the complexities around leveraging blockchain technology, while providing a foundation to continue automating market facilitation and enhancing its support for other environmental commodities.

Disclaimer:

Carbonmark (“Carbonmark”), its digital-assets, business assets, strategy, and operations, is for general informational purposes only and is not a formal offer to sell or a solicitation of an offer to buy any securities, options, futures, or other derivatives related to securities in any jurisdiction and its content is not prescribed by securities laws. Information contained in this blog post should not be relied upon as advice to buy or sell or hold such securities or as an offer to sell such securities. This blog post does not take into account nor does it provide any tax, legal or investment advice or opinion regarding the specific investment objectives or financial situation of any person. Carbonmark and its agents, advisors, directors, officers, employees and shareholders make no representation or warranties, expressed or implied, as to the accuracy of such information and Carbonmark expressly disclaims any and all liability that may be based on such information or errors or omissions thereof. Carbonmark reserves the right to amend or replace the information contained herein, in part or entirely, at any time, and undertakes no obligation to provide the recipient with access to the amended information or to notify the recipient thereof. The information contained in this blog post supersedes any prior blog post or conversation concerning the same, similar or related information. Any information, representations or statements not contained herein shall not be relied upon for any purpose. Neither Carbonmark nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this blog post by you or any of your representatives or for omissions from the information in this blog post. Additionally, Carbonmark undertakes no obligation to comment on the expectations of, or statements made by, third parties in respect of the matters discussed in this blog post.