Xange.com Will Develop a Carbon Credit Solution On XRP Ledger

Ripple has announced its partnership with Xange.com, a securities exchange operated in partnership with the United Nations. A carbon neutral credit solution on XRP Ledger will be developed under the partnership.

Xange's Carbon Neutral Credit Solution on XRP Ledger will further lead to the issuance of tokenized carbon credits in accordance with guidelines set by leading industry working groups including the InterWork Alliance (IWA), the Global Blockchain Business Council (GBBC) initiative and the Taskforce on Scaling Voluntary Carbon Markets (TSVCM).

The standards based on the IWA token taxonomy structure and the InterWork framework will serve as the basis for Xange.com's carbon neutral credit solution on XRP Ledger. The Xange exchange decided to use the XRP Ledger considering its performance, scalability and environmental friendliness. The XRP Ledger was built with sustainability in mind and is one of the first large carbon neutral blockchains.

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