The Singapore-based digital exchange and fintech platform MVGX has announced the launch of a new carbon Software-as-a-Service (SaaS) subsidiary.
Called MVGX Tech, the new subsidiary is dedicated to different carbon SaaS products and services, including decarbonization ratings, issuance and development of carbon credits, carbon measurement, reporting and verification (MRV), carbon credits listing and registry, and trading infrastructure.
Together, all of the offered products are consolidated into a single offering called a Carbon Connect Suite.
Thanks to MVGX Tech’s proprietary Non-Fungible Digital Twin (NFDT), users can be sure that the data offered by the suite is verifiable and high-integrity.
According to the company, all transactions are traceable and transparent, as is all data related to carbon credits and carbon dioxide emissions.
The aim of the new subsidiary and the Carbon Connect Suite is ultimately to connect businesses and organizations to a better understanding of their road to sustainability and greener practices.
Dr. Bo Bai, executive chairman and co-founder of MVGX, commented on the new launch: “For the past few years, we’ve built up our technology capabilities, expertise, and infrastructure across the entire decarbonisation value chain. The formation of MVGX Tech is a culmination of that work as we continue to formalise and strengthen our offerings in the Carbon SaaS space.”