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Largest Brazilian payment network


           brings tokenisation expertise to the



           carbon credit market







           BLOCKCHAIN-POWERED PLATFORM BRINGS                 But what is the connection between the carbon
           TRACEABILITY, GOVERNANCE AND SECURITY FROM         credit market and a credit card network? The
           THE ISSUANCE OF CARBON CREDITS TO THE FINAL        answer lies in the similarities between the two
           REGISTRATION OF OFFSETS.                           sectors’ processes. A payment network’s core role
                                                              is to connect buyers and sellers, organising all the
           Brazil is establishing itself as one of the global   players in a complex ecosystem with both security
           leaders in the carbon credit market. With over 60%   and credibility.
           of its territory covered by native vegetation, the
           country approved Law 15.042/2024 in November       Founded in 2011 focusing on debit and credit cards,
           2024, which created the Brazilian Emissions        Elo has in recent years expanded its role as a
           Trading System (SBCE), regulating the national     payment technology company into other areas,
           carbon credit market. According to a McKinsey      including tokenisation. Noting the lack of a player
           report, Brazil holds 15% of the global potential in   capable of validating the credentials of the entire
           this sector by 2030.                               transactional process in a carbon credit trade, Elo
                                                              began developing a solution to bring its extensive
           However, despite its promising outlook, the market   expertise into this sector. It’s worth noting that the
           faces numerous challenges, such as fraud, lack     company processes an average of over 4 billion
           of traceability, greenwashing and fragmentation.   card transactions every year, making it one of
           In light of these challenges, Elo, the largest 100%   Brazil’s leading payment networks.
           Brazilian payment network, saw an opportunity to
           help transform the sector.                         This led to the creation of Elo Eco, a digital platform
                                                              that uses blockchain to ensure traceability,
                                                              governance and security from the issuance of
                                                              carbon credits to the final registration of offsets.
                                                              Elo acts as an intermediary in the trading of credits









































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