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." Â
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.
Action items
- Transfer NCT-eligible TCO2s over to the Regen Registry via the cross-chain section of our app! Â If you don't already have some, first buy NCT on Polygon and then use our app to redeem TCO2s. Â 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.