Climate finance firm Solid World opens forward carbon liquidity pools with Polygon – CoinDesk (US) news roundup

Short Summary:

The pool allows for the purchase of mangrove carbon credits.

A number of blockchain startups like Solid World, which aim to provide financial and technical tools to mitigate the effects of climate change, have grown in size in recent months.

Such contracts are often used in hedging strategies, but in Solid World’s case, they can provide security for long-term carbon credit projects.

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Author/Journalist: Eliza Gkritsi

Category: crypto

Markets: United States

Subjects: Finance Regenerative Finance (ReFi) Climate Change Polygon News

Safe source website: Yes (HTTPS)

News Mood: Positive

Fact checked: Legit

Item type: News

Published on: 05/18/2023 at 16:02:10 (23 hours ago)

Message time zone: GMT-5:00

News Source URL: Coindesk.com

Language: English

Item length: 645 words

reading time: 4 minutes read

Sentences: 31 lines

record length: 21 words per sentence (average)

Platforms: Desktop web, mobile web, iOS app, Android app

Copyright holder: © CoinDesk

Message ID: 8869817

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