New frontier markets to launch Blockchain-enabled carbon credit platform
Blockchain-based exchange to increase transparency and liquidity in the market for voluntary carbon offsets
DALLAS, July 12, 2022 / PRNewswire / – New Frontier Markets (“NFM”), a technology company dedicated to providing access to the new low-carbon economy, today announced the launch of its proprietary blockchain marketplace for voluntary carbon offsets. The platform is expected to be widely available in the fourth quarter of 2022.
NFM’s platform utilizes a specialized private blockchain that will allow customers to buy, sell and trade carbon credits through a highly streamlined and efficient process. The marketplace is designed in collaboration with Unicsoft, a leading blockchain technology developer. With the voluntary global decarbonisation market, it is expected to reach as much as $ 100 billion by 2030, NFM’s disintermediate exchange platform will increase both cost efficiency and transparency across the industry.
“As both project developers and investors in the emerging green energy economy, we understand the important role that voluntary carbon offsets play in the viability of any project across the energy and renewables sector,” he said. Steven Lowenthal, president of NFM. “With the support of our Unicsoft partners, we have created a platform that will provide developers with an efficient way to raise project capital and enable investors to actively choose which carbon offset projects they want to support.”
NFM is committed to reducing transaction costs and centralizing carbon credit trading on a superior, scaled platform, enabling customers to directly support sustainable projects and initiatives worldwide. By facilitating the sale of live and unpaid credits that make money in the NFM market, Oslo Børs will provide private and institutional investors with invaluable tools for effective investment in green infrastructure. The NFM marketplace will be built on the Cosmos network, benefit from an almost insignificant carbon footprint and enable sustainable growth as the market expands.
In connection with the launch of the platform, NFM also announced that it has entered into a memorandum of understanding (“MOU”) with Johnson Rice & Company LLC (“Johnson Rice”). The MOU will allow NFM to leverage Johnson Rice’s energy conversion and capital market expertise, as well as its guarantee capabilities and securities trading platform, to explore long-term opportunities in the carbon markets and expand the universe of potential investors on the platform.
Mr. Lowenthal added: “Johnson Rice provides unique expertise and deep relationships in the energy markets, and we are confident that this partnership will create many long – term opportunities as we expand and develop innovative solutions in the high quality carbon offsets credit market.”
“At Johnson Rice, we could not have been more excited to leverage our 35 years of energy relationships to partner with and support the launch of NFM in pursuit of a common vision to bring together large-scale supply and demand for carbon credits,” he said. Joseph Seremet, Partner at Johnson Rice. “This platform is a key step in creating a more transparent, liquid and efficient market for carbon offsets globally, while accelerating the timeline to a net-zero reality. Our early phase of equity market expertise is perfectly suited to articulate the unique characteristics of carbon credit projects such as we believe will result in superior execution and effective price discovery for project developers using the NFM platform. “
NFM is supported by Tailwater Capital, a private equity firm that takes a complete immersion approach to investing in energy and growth infrastructure solutions.
About New Frontier Markets
NFM is an energy technology company that focuses on developing blockchain and grid-based applications for the carbon and commodity markets. By utilizing the team’s extensive markets, energy trading and project development background, NFM sine the products are uniquely positioned to provide value for both investors and project developers. For more information, please visit www.nfm.exchange.
About Tailwater Capital LLC
Dallas-based Backwater Capital is a growth-oriented energy and growth infrastructure private equity company with a well-established track record for working constructively with proven management teams to deliver value-added solutions. Backwater has raised more than $ 3.7 billion in committed capital since its inception and the team has completed more than 100 transactions representing the above $ 22 billion in value. For more information, please visit www.taailwatercapital.com.
About Johnson Rice
Johnson Rice was founded in 1987 and is the oldest independent energy investment bank in the world the United States. Johnson Rice operates a leading energy capital markets and advisory platform with a focus on offering institutional energy research and advice of the highest quality to its customers.
Contacts
New border markets
Steven Lowenthal
[email protected]
Tailwater Capital
Woomi Yun / Erik Carlson
Joele FrankWilkinson Brimmer Katcher
212-355-4449
Johnson Rice & Company
Josef Seremet
[email protected]
SOURCE New Frontier Markets
