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ANZ Stablecoin Applied to “Tokenised” Carbon Credits

ANZ Stablecoin Applied to “Tokenised” Carbon Credits

(27 June 2022 – Australia) ANZ announced the next step in its digital asset strategy after customer Victor Smorgon successfully purchased tokenised Australian carbon credits (BCAU) using the ANZ-issued stablecoin “A$DC”.

The transaction is a key milestone for ANZ as the group investigates greater use cases of the stablecoin. In this transaction, Victor Smorgon Group used A$DC as a medium of exchange to purchase the BCAU carbon tokens from Zerocap, an Australian crypto asset investment platform. This transaction is significant as it provided A$DC/BCAU liquidity, while offering both Victor Smorgon Group and Zerocap redemption rights for A$DC.

“This milestone transaction brings together two key focus areas for ANZ, sustainability and digital assets. We’re seeing increasing customer appetite to use A$DC to enter the digital economy, and will continue to partner with our clients to explore how this technology can help them achieve their goals” commented ANZ Banking Services Lead, Nigel Dobson.

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