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Elo is one of Brazil’s leading payment
technology companies. Founded in 2011 with a
focus on debit and credit cards, Elo has expanded
over the years into areas such as tokenisation,
fraud prevention and data consultancy

generated by third parties and offers integration
with other partner platforms.

By entering this segment, Elo expects to transact
150 projects by 2030, with tokenisation potential of
approximately 70 million tonnes of CO2 per year.
The company estimates it could move more than
R$25 billion (~USD 4.6 billion) in credits by the end
of the decade.

“ We are applying our expertise in
connecting buyers and sellers, developed
in the card payments sector, to foster
an efficient and transparent model for
the carbon credit market. Tokenisation
is crucial, as it guarantees traceability,
security and scalability for operations.”

Giancarlo Greco, CEO of Elo

The platform enables a fully digital and traceable
lifecycle for carbon credits, from origination to final
retirement. This comprehensive system includes
the onboarding of both buyers and sellers, and
supports every stage of the project journey -
including the submission of essential documents
and reports, rigorous project due diligence, and
the secure registration and tokenisation of credits
on the blockchain. By integrating these processes
into a unified digital environment, the platform
enhances transparency, reduces operational
risks, and ensures the integrity of carbon offset
transactions.

In July this year, the company carried out the first
transaction on the Elo Eco platform, with assets
generated by a forest preservation project in the
Amazon. The credits had an A rating, indicating
high reliability and positive environmental impact
and originated from the Brazilian Amazon APD
Grouped Project, an initiative led by BR Carbon.

By moving into this strategic sector of the green
economy, Elo is expanding its role beyond payment
methods, consolidating itself as a technology
company committed to sustainability, with robust
processes for verifying and certifying projects and
the credits they generate — further strengthening
the platform’s transparency and credibility.

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