Technology that doesn’t interoperate
Systems that cannot exchange a claim without losing the thing that made it verifiable in the first place.
We design and build the systems that issue, track, transfer and retire environmental attributes and commodities. We leverage blockchain where it makes sense, and not where it doesn’t.
We’ve spent seven years doing this in the carbon market: integrating registries, tokenizing credits, surfacing the data, and running a marketplace in production.
We work with programmes applying the same problem to energy, and to any market where a claim has to hold up under scrutiny.
Strip the labels off and most environmental markets share one accounting problem.
A claim is issued against a measurement. It has to be unique. It has to be traceable back to its source. It has to move between parties without losing that provenance. And it has to be consumed exactly once, by one beneficiary, with everyone able to verify that it was.
That is a carbon credit. It is also a guarantee of origin, a granular certificate, a biodiversity or water credit, and the book-and-claim accounting behind low-carbon fuels, hydrogen and steel. Same primitive, different underlying asset.
Where this breaks, it breaks in the same places every time.
Systems that cannot exchange a claim without losing the thing that made it verifiable in the first place.
Ownership that cannot be independently checked at each point it changes hands.
Consumption of the claim that no third party can confirm happened once, and only once, for one beneficiary.
Mass balance and annual matching, adopted because tracing the real thing was too hard, and now under pressure from buyers and regulators who want the granular version.
Four projects tackling different challenges in environmental markets, and what each one taught us.

Emissions analysis, carbon trading and demand generation. We started on the buyer’s side of the market, which is where we learned what a claim actually has to substantiate, and to whom.

We took an onchain carbon market from zero to live at speed, and learned hard lessons about how incentive design can outrun market integrity. It is why we ask hard questions about mechanism design before anyone writes code.

We took key learnings from KlimaDAO to refine the product and value proposition and enable a more robust market making function for automated carbon retirements.

Registry integration, tokenized credits, transparent pricing and retirement data, operating as a working marketplace. Not a pilot. It runs.
Carbon is where we have the deepest track record and the widest network — including registries and national registry operators. The same architecture applies to:
Granular and hourly-matched tracking, where annual or mass-balance matching no longer satisfies the claim being made.
Sustainable fuels, hydrogen and low-carbon materials.
Biodiversity units, water credits, and other thinly traded, highly heterogeneous instruments.
Getting provenance and auditability into the data layer before anyone tries to build a market on top of it.
In carbon we bring both the domain knowledge and the relationships. Outside it, we bring the architecture and work alongside the people who hold the domain expertise. That has been a productive arrangement, and we’d rather say so than overclaim.
A fixed-scope engagement, three to four weeks. We take what you’re trying to prove and work out whether it can be built, how, and whether it’s worth it.
We can stand up a working attribute registry and marketplace for your pilot in weeks rather than quarters, because we already operate one. You get production infrastructure to test against, not a prototype to throw away.
We run it, or we hand it over with the documentation and support for your team to run it. Both are fine. We’ll tell you which we think is right.
We work with funded programmes, registries, standards bodies, public bodies and institutions — as a named partner or as a subcontractor, whichever fits the structure you’re working in. We’re happy to be named on grant and consortium applications, and we’d rather be involved before the scope is written than after.
We’ll tell you whether we’re the right people for it. If we’re not, we usually know who is.