Leading commodity-technology firm, Trovio, has announced plans to launch the world’s first net-zero carbon emissions gold exchange-traded fund (ETF) on the Australian Securities Exchange (ASX). The new product, GoldZero, was jointly developed with Xpansiv, a leading market for ESG-inclusive commodities, and leverages its Global Emissions OffsetTM (GEO), the first standardised, exchange-traded contract that sets a price for the global voluntary carbon market.
Trovio was established in 2017 to modernise and democratise the transfer of physical assets via its peerless digital and registry service. It is a market leader in innovative product launches, having successfully issued the Perth Mint Gold Token, the world’s first digital gold token on a public blockchain backed by government-guaranteed gold.
The announcement marks Trovio’s ongoing commitment to developing a wider suite of sustainable products to help institutional investors meet their (environmental, social, and governance) ESG requirements. This follows the recent release of UPCO2, the world's first tradable carbon token on a public blockchain via Trovio’s membership with the Universal Protocol Alliance.
Xpansiv’s CBL exchange connects buyers and sellers in a global liquidity hub that accelerates the transition to a net-zero future. The company’s expanding ecosystem of Intelligent CommoditiesTM – like RECs, carbon offsets, and differentiated fuels – provides a clear path to action for companies seeking to meet voluntary and compliance-based ESG goals.
Two of the most popular ETF trends in recent years include gold and ESG. Trovio’s platform-as-a-service solution, Trovio BRIDGE, has been digitising gold for The Perth Mint for more than 3 years. It will leverage CBL’s GEO contract to create the world’s first ESG-inclusive Gold ETF, as well as myriad zero-carbon-emission metal products, underpinned by the GEO contract via its proprietary platform.
Trovio in conjunction with CBL and Pangolin Associates are working towards certification under the Australian government’s Climate Active carbon neutral certification program demonstrating an ongoing commitment to transparency and integrity in offering the highest standard of decarbonisation products to investors.
CBL’s GEO contract was designed with input from financial institutions, trading firms, project developers, NGOs, industry associations, corporations, and carbon-standards organisations to streamline the purchase of verifiable, high-quality carbon offsets.
“ESG principles have moved from nice-to-have to investment-critical,” said Xpansiv Chief Strategy Officer, Nathan Rockliff. “This all-Australian product establishes a new model that delivers ESG accountability to precious metals – an old-world asset built for modern-day investors. We’re excited to collaborate with Trovio to be at the forefront of this wave, and to expand our leadership position.”
“Thanks to this pioneering venture, institutional and retail investors will now be able to choose a gold investment product that meets global ESG standards, including carbon neutrality,” added Trovio, CEO Jon Deane. “We’re offering investors the ability to readjust their portfolios in precious metals to promote better climate decisions – without impacting the underlying performance of gold’s investment case as a store of value and protection against inflation.”
Trovio enables traditional commodity players to access a wide range of market opportunities across distribution, financing, and transparency, empowered by new technologies. Incubated out of the RoZetta Institute, Trovio is reimagining the commodities landscape.
Until now, the only alternative for ESG-minded gold investors has been the LBMA programme, which confirms that gold ETCs have been exposed exclusively to responsibly sourced bars – while ignoring the climate impact of those products. Thanks to the GEO and innovative Trovio technology, there is now a fully ESG-inclusive alternative.
Read the article online at: https://www.globalminingreview.com/environment-sustainability/08032021/trovio-to-list-first-net-zero-gold-etf/