XTCC™ launches world's first Shariah-compliant, principal protected and exchange-traded high-quality voluntary carbon credit investment product on Bermuda Stock Exchange and Deutsche Börse.

• First Shariah compliant, principal protected green sukuk in the world
• Investors for the first time can invest in the asset class for the net zero world
• High-quality credits derived from verified and audited projects
• Unique retirement (offset) or investment features
• An investment in the asset class not projects
• 4 year investment with 100% principal protection at maturity (A-rated)
• Available in AED and USD

Monday, 16th October 2023 Tallinn, Estonia. XTCC™, the pioneer in exchange-traded carbon credits, unveils the world's first Shariah-compliant, principal-protected investment products for high-quality carbon credits. XTCC is the only product which allows for investors to access this growth opportunity and new asset class with 100% principal protection.

McKinsey, Bain, BCG, Barclays, Morgan Stanley, the World Bank and the Norwegian Sovereign Wealth Fund all predict explosive growth in the high-quality carbon markets with predictions above a 15-fold increase in the market by 2030. The XTCC investments are a complete asset class solution for both Shariah-compliant investment and offset (retirement) purposes by sourcing high-quality carbon credits from projects including solar, wind, hydropower, biogas, biomass, biomethanation and blue carbon (mangrove and peat). The assets are secured by an ISDA and held under English law subject to Shariah-compliant advice provided by Yasaar Limited.

Liquidity and credibility in the market for high-quality carbon credits are increasingly recognised as critical solutions for achieving net zero targets. This will be a focal point at the forthcoming COP28 summit in Dubai. Unlike emission trading systems, XTCC will source high-quality carbon credits from primarily renewable energy sources but also blue carbon credits. With XTCC's launch, Shariah-compliant investors can, for the first time, benefit from a dependable, standardised and transparent vehicle to invest in this new asset class. XTCC is Shariah-compliant and is available also as a three-year fixed-term investment or an open-ended product (in AED, USD and GBP). 100% principal protection at maturity is provided by one of the GCC's largest and best-rated financial institutions.

XTCC integrates a committed network of specialist providers, including Bondstream, a Global 100 award-winning fintech platform, and ZERO13, GMEX Group's award-winning digital climate fintech ecosystem, creating authenticity, transparency and liquidity across platforms and projects. This latest collaboration adds to the expanding network of business and interconnection layers offered via the ZERO13 platform-as-a-service.

This initial launch will take place on conventional regulated markets Bermuda Stock Exchange and Deutsche Börse.

XTCC features a range of products which align to the interests of environmentally conscious investors and ultimately drives circularity benefits to develop more renewable projects. XTCC offers investors flexibility with options for principal protected or uncapped returns, both featuring a unique mechanism for offset (retirement) which also allows investors to hedge against potential costs of compliance or invest in the expected rise in both the price and demand for carbon credits.

XTCC provides a ground-breaking solution to investing in high-quality carbon credits by providing authenticity, transparency and liquidity across platforms and projects.

"XTCC isn't merely an investment; it's a pledge to a sustainable net zero future" said Professor Lisa Wilson, Managing Director of XTCC and a preeminent authority on digital technology, innovation, fintech and blockchain. "By linking Shariah-compliant investors, retirement mechanisms and project owners, XTCC has created the perfect financial product for circularity in the net zero ecosystem. XTCC liquidity should fuel both growth of new projects and the missing market credibility in the high-quality carbon market."

Professor Wilson added, "Our focus on sourcing high-quality credits from renewable projects that aim for emission avoidance, respect additionality and adhere to UN and industry standards democratises the market. This is how XTCC propels renewable energy innovation and growth."

Dr Scott Levy, Managing Director at Al Waseelah, said: "Oil was the commodity of the industrial age; carbon credits will be the commodity of the net zero world - but so far the market has not functioned properly. Shariah-compliant investors have not been able to access this important asset class; this is now possible."

Dr Levy continued, "What sets XTCC apart is confidence through auditability delivered to the regulated capital markets. Investors will be able to see the nature of the high-quality carbon credits with top to bottom provenance and immutability through integration with the award winning Bondstream and ZERO13 platforms. This gives investors credibility from inception to impact and clears the way for eliminating double-counting and greenwashing that have hampered carbon markets in the past."

Hirander Misra, CEO of ZERO13, said, "We're excited that the ZERO13 platform will support Shariah-compliant investors of XTCC to tap into a multi-currency universe of carbon credits that are transparent in their provenance and impact. By integrating XTCC's offerings with ZERO13's multi-blockchain -driven network we are also establishing a robust mechanism for climate action that maximises distribution and trust, driving us all towards a net zero future."

Majid Dawood, Executive Chairman and Founder of Yasaar Limited, said, "We are very pleased to be associated with the XTCC proposal as it is an innovative product and a first in the Islamic Finance space. Being listed and traceable as a commodity while addressing the carbon emission creators responsibility of containing them by means of Carbon Credits will have an impact on the SRI, ESG and Green market while giving a wide range of investors an exposure to being instrumental in the future of tackling Climate Change."

Professor Kevin Haines, Head of Social Policy at Sustainable Capital, said, "While many carbon credit schemes have proven to be more smoke and mirrors than substance, XTCC offers a genuine opportunity for change. Through liquidity that incentivises real growth of renewable projects XTCC can be a true catalyst for sustainable, social, and environmental progress."

Key Features of XTCC:

1. Investment Structure: XTCC offers both investment grade principal protection and standard institutional documentation making high-quality voluntary carbon credits easily investable. Available in USD, GBP and AED.
2. Market Access: Through integration with Euroclear and Clearstream, XTCC offers Shariah-compliant investors a first principal protected, green sukuk product in a potentially high growth asset class.
3. Additionality: XTCC only includes high-quality carbon credits which recognise the importance of additionality and co-benefits.
4. Transparency and Authenticity: The collaboration of ZERO13 and BondStream provides investors with confidence of the accountability, provenance and transparency of the carbon credits.
5. Shariah-compliant: Democratising access to this important asset class, XTCC provides Shariah-compliant investors for the first time a principal protected investment product.
6. Investment Impact: XTCC will monetise the high-quality carbon credit market and aligned with UN SDGs, this liquidity should incentivise the development of more renewable energy projects, aligning with net zero objectives and supporting the COP28 agenda.

Vana-Lõuna 39,
Tallinn, Harjumaa 10134, EE

About XTCC
XTCC is a Shariah-compliant investment product for professional investors; offering a transparent, credible and sustainable product for investors to participate in the rapidly expanding high-quality carbon credits market. The XTCC universe includes principal protected and open-ended investments for audited and verified carbon credits from Solar, Biomass, Biogas, Hydro, Wind and Biomethanation as well as Blue Carbon projects.

For more information, visit: http://xtcc.investments
For media enquiries, please contact ir@xtcc.investments

About Al Waseelah
Al Waseelah PLC is a world-leading, award-winning sukuk issuance platform which offers a flexible, quick to market solution for green and sustainable businesses, financial institutions, asset managers, corporates and family offices for their Islamic liquidity management and offers a wide range of investment opportunities. Al Waseelah PLC offers end to end solutions for Shariah structuring, arranging, originating, and the listing of Shariah compliant notes, providing a streamlined and cost-effective way of raising funding for businesses and projects.
For more information, visit: https://www.alwaseelah.co
For media enquiries, please contact ir@alwaseelah.co

About Yasaar Limited
Yasaar Limited is the world's oldest Shariah advisory business. Founded by Majid Dawood, Yasaar Limited has provided Shariah advisory services to regulatory authorities, financial institutions and corporates since 1998 and developed (and continues to provide) Shariah advice to FTSE Russell for the Shariah-compliant index series. Yasaar Limited has a track record working with clients in jurisdictions which include Malaysia, United Kingdom, Luxembourg, UAE, Saudi Arabia and Bahrain.

For further information on Yasaar Limited, please visit: http://yasaar.org
For media enquiries, please contact info@yasaar.org

About ZERO13
ZERO13, a GMEX Group initiative, is an award-winning, automated AI and blockchain-driven international carbon exchange, registry, and aggregation hub ecosystem. Accessed as a 'Platform as a Service' (PaaS), the ZERO13 Hub offers a distributed point of entry for digital issuance, trading and settlement of carbon credits and real-world assets such as ESG securities.

ZERO13 Hub connects multiple international carbon exchanges, registries, custodians and ESG project owners for supply verification, transparent pricing, and real-time settlement. Connections are via APIs and blockchain enabled by the ZERO13 Chain (Pyctor).

For further information on ZERO13, please visit: https://zero13.net
For media enquiries, please contact: alice.ellman-brown@therealizationgroup.com

About Bondstream
BONDSTREAM™ is a proprietary B2B fintech platform, recognised as a Global 100 award-winning solution, filling the gap between CRM systems, Excel and Bloomberg. Designed for issuers in the securities market, the cutting-edge technology improves efficiency of cap table management and distribution channel support. With real-time reconciliation of investments and fees, the platform empowers investors and issuers to make informed decisions while ensuring transparency, security and regulatory compliance.

For further information on BONDSTREAM, please visit: https://bondstream.trade
For media enquiries, please contact info@bondstream.trade

This release was published on openPR.