Toucan 🤝 Regen Network: Expanding liquidity for tokenized carbon credits
Toucan's new carbon bridge to Regen Ledger will allow tokenized carbon credits to flow freely between Toucan's infrastructure on Polygon & Celo and Regen Network's eco-registry in the Cosmos ecosystem.
We're thrilled to introduce a new carbon bridge, which will allow tokenized carbon credits to flow freely between Toucan's infrastructure on Polygon & Celo and Regen Network's eco-registry in the Cosmos ecosystem. Holders of tokenized carbon will be able to bridge NCT-eligible TCO2s to the Cosmos ecosystem and back, and will soon be able to buy them directly on the Osmosis DEX. A retirement module for convenient and transparent on-chain retirements will be deployed on Regen Network as well.
Gregory Landua, Regen Network Development Inc.’s CEO, says about this collaboration:
“The partnership between Toucan and Regen Network is pivotal for the success of ReFi. Bridging eco-credits to TCO2 and TCO2 to eco-credits will open up the flow of cross-chain carbon between the Cosmos, Polygon and Celo ReFi communities. And it will bring existing carbon liquidity into the growing IBC-enabled CosmosFi economy.”
Raphaël Haupt, Toucan Co-Founder, says about the partnership:
"Regen Network is one of the pioneering Web3 protocols. Opening up the bridge between Toucan and Regen helps scale a more transparent carbon market with high-integrity credits that anyone can participate in."
What is Regen Network?
Regen Network’s infrastructure brings data-driven, nature-based carbon credits into a digital form and into the Interchain economy. Their infrastructure includes the Regen Registry, which houses high-integrity on-chain ecological assets, and Regen Marketplace, where you can buy, sell, mint or retire credits on-chain.
Regen Network is unlocking Web3 regenerative financing and catalyzes solutions to the climate crisis by ensuring better climate project funding — a vision and mission that matches perfectly what we at Toucan strive to do.
Credit flow: Toucan ↔️ Regen Network
The key piece of our partnership is a two-way bridge that allows carbon credits to flow freely between Toucan's infrastructure on Polygon & Celo and Regen's eco-registry in the Cosmos ecosystem. This unlocks interoperability between TCO2s (the Toucan-pioneered carbon token data standard) and eco-credits on Regen Network.
- Transfer NCT-eligible TCO2s over to the Regen Registry via the cross-chain section of our app! If you don't already have some, first buy NCT on Polygon and then use our app to redeem TCO2s. Please note that you can only deposit TCO2s with a vintage of 2012 back into the NCT basket on Regen once the NCT eligibility change proposed here has taken effect.
- Learn more about Regen Network
Toucan is building technology to unlock climate action at scale. Our digital infrastructure is helping to grow the voluntary carbon market (VCM) in a transparent and high-integrity way. It increases the flow of revenue to the most effective climate impact projects by bringing established and nascent environmental assets on the blockchain.