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Celo hopes to invest $340m stablecoin asset backing in rainforests


Crypto News Oct 06, 2021 by Ledger Insights - Enterprise Blockchain


Today the Celo blockchain announced the Climate Collective to tokenize rainforests and other similar assets. Over the next four years, it's proposing to invest as much as 40% of the Celo reserve, which underpins the Celo dollar and Euro stablecoins in tokenized rainforests. Celo's cryptocurrency has some high profile investors.



tags: #blockchain #cryptocurrency #capital #assets #tokenization #stablecoin #rainforrest #incentives-engineering #millions #carbon-credits #renewable-energy-credit #recs #celo-reserve #natural

Celo hopes to invest $340m stablecoin asset backing in rainforests - Ledger Insights - enterprise blockchain

Today the Celo blockchain announced the Climate Collective to tokenize rainforests and other similar assets. Over the next four years, it's proposing to invest as much as 40% of the Celo reserve, which underpins the Celo dollar and Euro stablecoins in tokenized rainforests. Celo's cryptocurrency has some high profile investors.








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