DataVault AI Partners With Biochar Now To Expand Carbon Removal Credits Using Tokenization Technology
Benzinga Newsdesk 4 hours ago
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The partnership is designed to connect Biochar Now’s carbon removal credits with a broader network of buyers while strengthening transparency, traceability and accountability in the carbon markets.Under the agreement,
The partnership is designed to connect Biochar Now’s carbon removal credits with a broader network of buyers while strengthening transparency, traceability and accountability in the carbon markets.
Under the agreement, Datavault AI will provide access to its carbon credit tokenization technology, including U.S. Patent No. 12,443,977 and related pending applications. It will also support worldwide demand generation, buyer development, marketing and distribution of eligible Biochar Now carbon credits, while also pursuing listings with existing and future partner exchange platforms. Biochar Now will pay Datavault AI for its technology and services; specific financial terms were not disclosed.
The collaboration brings together two complementary strengths: Biochar Now's physical carbon removal, third-party verification and carbon-credit insurance program, and Datavault AI's tokenization technology, data exchange and distribution capabilities. Together, the companies aim to make carbon removal credits more accessible to buyers while strengthening documentation of their authenticity, ownership and retirement.
Eligible credits are third-party verified and tracked in Biochar Now's proprietary Insured Carbon system. Biochar Now's insurance-based program operates in place of a traditional registry. Qualifying credits are insured through a captive insurance company owned by Biochar Now, subject to policy terms, limits and exclusions.
