China Carbon Neutrality Group (01372.HK) has unveiled a major milestone in its push toward carbon credit digitalization. Its subsidiary, Future Marvel Limited, has successfully completed the data integration for its Carbon Coin protocol, allowing 200,000 tons of carbon credits to be represented on-chain.

The Carbon Coin protocol is a key advancement in the company's strategy to digitize carbon assets. By finalizing data integration with essential systems, the company has laid a strong technical foundation for the blockchain-based management, trading, and future handling of carbon credits.

"Carbon credit on-chain" refers to the blockchain-based representation and verification of carbon allowances or voluntary offsets, such as those under the Verified Carbon Standard (VCS) and Gold Standard. This technology ensures transparent oversight and smooth, efficient circulation of carbon assets throughout their lifecycle.