A new blockchain-based carbon credit exchange has gone live on the Isle of Man, marking a world-first for regulated NFT-backed carbon trading.
‘Carbon Plant’, operated by Universal Green Group, is registered and regulated by the Isle of Man Financial Services Authority. It is the only NFT-based carbon exchange with FSA approval.
The platform uses NFTs as digital certificates to authenticate carbon credit ownership, offering transparency and traceability via blockchain.
It allows project owners to forward sell verified, “hard” carbon credits for up to 10 years, opening up new routes for funding and long-term price certainty.
CEO Magnus Hammick said:“Carbon Plant was created to eliminate the shadows that have caused boom and bust cycles in the voluntary carbon markets. We are committed to being a trustworthy partner for all the organisations involved to rely on.”
The exchange already hosts 2 million credits from 11 verified projects.
Finance Isle of Man sees the platform as a key milestone in its push into green finance.
Paul Blake, of Finance Isle of Man, added: “Carbon Plant is a great example of our commitment to play an important role in the development of the carbon economy globally.”
The launch comes as the island rolls out its Sustainable Finance Roadmap and positions itself as a fintech hub for net zero innovation
