PERL.eco’s focus on activities where decentralized finance can have a positive impact in the fight against climate change or building rails between DeFi and ReFi is happening at an exciting time. Investments in the voluntary carbon markets grew to $10bn last year, up from $7bn in 2021.
We are seeing record levels of retirements of carbon credits as companies strive towards meeting their net-zero commitments. Yet Carbon Markets struggle to meet their infrastructure needs which put us at risk of failing to meet the greatest challenge of our time. The markets lack liquidity, and while futures are traded, access is too often reserved for a small number of TradFi institutional players. These were just some of the factors that informed our important partnership with AirCarbon Exchange (ACX) to develop PERL.eco Carbon Exchange (PCX) to facilitate trade in PERL.eco Future Carbon (PFC). We are confident that we have the right strategy, and now we are also confident that we have the right leadership to oversee its implementation.
Kevin Iwanaga’s appointment as PERL.eco’s President represents a perfect alignment with and perfect timing for the implementation of our strategy. While currently based in Abu Dhabi in the United Arab Emirates, Kevin’s professional life has spanned the globe from the United States to Japan, from Hong Kong and Singapore to Switzerland as a leader in global financial institutions such as Goldman Sachs, Citi Group, and UBS to name a few. His expertise in electronic trading pushed him to the forefront of digitization efforts within major banks, shaping the current operations of capital markets and importantly gaining a deep understanding of compliance and regulatory requirements within electronic trading.
As President of ACX in the Middle East & Africa, Kevin led the effort to establish the platform in Abu Dhabi Global Market (ADGM), as the first regulated carbon exchange and clearing house. This major achievement is part of a fast-developing green economy in the UAE that is seeing significant levels of investment in sustainable FinTech solutions.
This is the expertise that will enable PCX to become the most functional and compliant exchange of its kind. It will be Kevin’s leadership, deep knowledge of the carbon markets, and understanding of the transformative digital trading platforms that will allow PERL holders to participate in this exciting convergence between DeFi and ReFi.
We are confident in our forward strategy for PERL.eco and we are confident that we have the right leadership to oversee its implementation. DeFi can be an important part of the fight against climate change and we are committed to ensuring that PERL.eco plays a leading role.
Disclaimer: Please be aware that no portion of this article should be construed as financial advice or a solicitation of investment. We recommend that you consult a licensed financial advisor before investing, speculating, or trading in any digital currency or in any other asset class. Always do your research and don’t use any funds you can’t afford to lose.
