Blubird and Arx Veritas Tokenize $32B of ESG Assets, Avert Nearly 400M Tons of CO₂

Blubird, in collaboration with Arx Veritas and the Redbelly Network, has successfully tokenized $32 billion worth of Emission Reduction Assets (ERAs). These assets represent real-world projects such as capped oil wells and decommissioned coal mines, creating an on-chain marketplace for sustainability-linked investments. The initiative has prevented the release of 394,737,149 tons of CO₂, marking one of the largest efforts to bring environmental assets onto the blockchain.

Unlike traditional carbon credits, which are standardized certificates, ERAs are the underlying projects that generate emissions reductions. These can later be quantified into tradable units. By tokenizing ERAs on the Redbelly Network via Blubird’s marketplace, the partners have established a transparent, verifiable, and liquid avenue for ESG-focused capital to FLOW into climate action.

The avoided emissions—equivalent to nearly 395 million roundtrip flights between New York and London—stem from preventing the extraction, processing, and burning of coal, as well as capping abandoned oil wells. This milestone underscores the growing intersection of blockchain technology and environmental sustainability.