FDCTech signs Agreement with Freedom Holdings, Inc. and its subsidiary Carbon-Zero to Develop a Blockchain-based Carbon Credit Ecosystem
- Wall St posts third straight quarterly loss as inflation weighs, recession looms
- Intel's Autonomous Unit Mobileye Files U.S. IPO, Defying Weak Market Conditions
- Nike (NKE) Drops 9% as Inventory Surges 44%, Analysts See Attractive Valuation
- Hollywood Super Agent Attempts to Open Door for Twitter-Musk Settlement - Bloomberg
- Dollar up on euro as quarter ends, commodity led currencies sink
Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.
The Blockchain-based Carbon Credit Ecosystem aims to bring more liquidity, transparency, accessibility, and standardization to voluntary carbon markets.
Stamford, CT, Jan. 06, 2022 (GLOBE NEWSWIRE) -- Freedom Holdings, Inc. ("FHLD" the "Company," OTC: FHLD) is pleased to announce that it has selected FDCTech, Inc. ("FDC" or the "Company," OTCQB: FDCT), a fintech company with a full suite of digital financial services solutions, as its software development partner for developing Blockchain-based Carbon Credit Ecosystem for its subsidiary Carbon Zero Asset Management, Inc. ("Carbon-Zero").
Under the terms of the development agreement, the ecosystem will include the minting and burning protocols, a transparent mechanism for validating and distributing tokens backed by carbon credit as assets, a trading venue (makers/takers) for tokens, and tools to engage all stakeholders, including the carbon credit originators, offsetters, project verifiers, liquidity providers, non-government organizations (NGOs), concerned citizens, and governments. After properly validating the carbon credits, the proposed platform plans to transfer them to the Blockchain (e.g., Etherum) by converting them into digital tokens. The platform focuses on carbon credit generators or originators in the renewable space and voluntary schemes.
"FDC has a proven track record in developing regulated grade trading multi-asset platforms for entities across multi-jurisdictions. Our partnership with FDC will allow us to deliver and support complex integrated blockchain solutions quickly and cost-effectively. As announced recently, it is a significant step for us to bring the Carbon Credit ecosystem to the market and to become cash flow positive," Brian Kistler, CEO, Freedom Holdings, Inc. (OTC: FHLD).
"We are delighted to partner with FHLD's initiative to bring programmable carbon market to smaller business and individuals who will have access to buy or sell the carbon credits," said Imran Firoz, Co-Founder, CFO, and NFT/Blockchain Team Leader. He added, "FDC's engagement to manage the development of the complete carbon credit blockchain ecosystem underscores our core software development capabilities. The project will further consolidate and add to our NFT platform initiative announced in December 2021."
FDCTech, Inc. ("FDC") is a US-based, fully integrated financial technology company. FDC develops and delivers a full suite of technology infrastructure solutions to FX, Crypto, Wealth Management, and other future-proof financial sectors.
Carbon-Zero is a blockchain technology-driven company focusing on providing an Ethereum-based programmable carbon ecosystem to drive the global economy to a net-zero carbon future. Carbon-Zero aims to bring carbon credits more fidelity, transparency, accessibility, liquidity, and standardization.
About Freedom Holdings, Inc. (FHLD)
FHLD is a versatile holding company focused on acquiring and supporting cutting-edge financial services and technology companies. FHLD's multi-discipline approach aims to build fintech platforms with the current focus on the clean energy sector, providing Environmental, Social, and Governance (ESG) driven technologies and carbon credit solutions.
Press Release Contact:
Freedom Holdings, Inc.
Safe Harbor Statement
This press release contains statements, which may constitute forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief, or current expectations of the Company, members of its management, and assumptions on which such statements are based. We caution prospective investors that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties and that actual results may differ materially from those contemplated by such forward-looking statements.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Apellis Announces 24-Month Phase 3 Post Hoc Results Showing Treatment with Pegcetacoplan Led to Preservation of Function in High-Risk Areas of the Retina in Patients with Geographic Atrophy (GA) at AA
- CSX Contributes $200,000 to Hurricane Ian Relief Efforts
- Evolve Bank & Trust Offers Innovative and Secure Options for New Partner, Harmonic
Create E-mail Alert Related CategoriesGlobe Newswire, Press Releases
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!