{"id":467958,"date":"2022-06-27T06:24:59","date_gmt":"2022-06-27T03:24:59","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/anzs-stablecoin-used-to-buy-tokenized-carbon-credits\/"},"modified":"2022-06-27T06:24:59","modified_gmt":"2022-06-27T03:24:59","slug":"anzs-stablecoin-used-to-buy-tokenized-carbon-credits","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/anzs-stablecoin-used-to-buy-tokenized-carbon-credits\/","title":{"rendered":"# ANZ&#8217;s stablecoin used to buy tokenized carbon credits"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3664c839041\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3664c839041\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/anzs-stablecoin-used-to-buy-tokenized-carbon-credits\/#%E2%80%9D_ANZs_stablecoin_used_to_buy_tokenized_carbon_credits_%E2%80%9C\" >&#8221; ANZ&#8217;s stablecoin used to buy tokenized carbon credits  &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_ANZs_stablecoin_used_to_buy_tokenized_carbon_credits_%E2%80%9C\"><\/span>&#8221; ANZ&#8217;s stablecoin used to buy tokenized carbon credits  &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<p><img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvZmI3NjgxZGMtNTg1Ni00YzY4LWExNjYtMjBhOGY2ODVlZDZhLmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-2a0745c6>ANZ\u2019s stablecoin A$DC has been used to buy Australian tokenized carbon credits, marking another critical test of the asset\u2019s use cases in the local economy. <\/p>\n<p>In March, the \u201cBig Four\u201d bank became the first major Australian financial institution to mint its own stablecoin after overseeing a pilot transaction worth 30 million AUD ($20.76 million) between Victor Smorgon Group and digital asset manager Zerocap. <\/p>\n<p>ANZ\u2019s stablecoin is fully collateralized by Australian dollars (AUD) held in the bank&#8217;s managed reserved account. So far, A$DC transactions have primarily been conducted over the Ethereum blockchain. <\/p>\n<p>According to a June 27 <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.afr.com\/companies\/financial-services\/anz-stablecoin-a-dc-used-to-buy-tokenised-carbon-credit-units-20220624-p5awb0\">report<\/a> from the Australian Financial Review (AFR), the latest transaction saw its long-time institutional partner Victor Smorgon use A$DC to purchase Australian Carbon Credit Units (ACCUs). <\/p>\n<p>The carbon credits were tokenized and provided by BetaCarbon, a blockchain-based carbon trading platform that issues digital security assets dubbed \u201cBCAUs,\u201d which represent one kilogram of carbon offsets per credit. <\/p>\n<p>The transaction also saw participation from Zerocap again, who provided market-making services and liquidity by exchanging the A$DC sent from Victor Smorgon into USD Coin (USDC) so that BetaCarbon could accept the deal. The value of the transaction has not been specified, however. <\/p>\n<p>In terms of the bank\u2019s outlook on the crypto\/blockchain sector, ANZ\u2019s banking services portfolio lead Nigel Dobson told the AFR that the firm is looking at blockchain tech as a means of \u201cpursuing the transition of financial market infrastructure\u201d and is not necessarily interested in speculative crypto assets themselves. <\/p>\n<blockquote><p>\u201cWe see this is evolving from being internet-protocol based to one of \u2018tokenized\u2019 protocols. We think the underlying infrastructure \u2013 efficient, secure, public blockchains \u2013 will facilitate transactions, both ones we understand today and new ones that will be more efficient.\u201d<\/p><\/blockquote>\n<p>Dobson echoed similar sentiments at the Chainalysis Links event in Sydney on June 21, noting that ANZ promptly \u201cbanned the word crypto im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely in all of our internal communications and narrative\u201d when it started exploring blockchain tech a few years ago. <\/p>\n<p>He went on to add that the bank has explored multiple use cases for blockchain tech, such as supply chain tracking and providing on-ramps via stablecoins for institutions to invest in digital assets. However, Dobson suggested that tokenized carbon credits were a key area that the bank has been gearing up for: <\/p>\n<blockquote><p>&#8220;Another area where we have a strong position in terms of sustainability is where we feel the tokenization of carbon credits and marketplaces driven by tokenized assets and tokenized value exchange will be really efficient.&#8221;<\/p><\/blockquote>\n<p><strong><em>Related: <\/em><\/strong><strong><em>BTC Markets becomes first Australian crypto firm to get a financial services license<\/em><\/strong><\/p>\n<p>At the start of this month, ANZ ruled out offering any crypto exposure to retail investors due to their lack of financial literacy. <\/p>\n<p>Maile Carnegie, an executive for retail banking, noted at the Australian Financial Review Banking Summit that \u201cthe vast majority of them don\u2019t understand really basic financial well-being concepts.\u201d<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/anz-s-stablecoin-used-to-buy-tokenized-carbon-credits\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; ANZ&#8217;s stablecoin used to buy tokenized carbon credits &#8220; ANZ\u2019s stablecoin A$DC has been used to buy Australian tokenized carbon credits, marking another critical test of the asset\u2019s use cases in the local economy. In March, the \u201cBig Four\u201d bank became the first major Australian financial institution to mint its own stablecoin after overseeing&#8230;<\/p>\n","protected":false},"author":1,"featured_media":467959,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDYvZmI3NjgxZGMtNTg1Ni00YzY4LWExNjYtMjBhOGY2ODVlZDZhLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74888,74894,75493,75568,20358,117],"class_list":["post-467958","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-banking","tag-blockchain","tag-stablecoin","tag-supply-chain","tag-australia","tag-business"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/467958","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=467958"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/467958\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/467959"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=467958"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=467958"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=467958"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}