Tokenization for Net Zero

Finance and restructuring partner Deanna Reitman co-chairs the Global Digital Finance (GDF) Sustainable Finance Tokenization Working Group, which developed a report to explore how tokenization and distributed ledger technology (DLT) can enhance trust, transparency, and accessibility in the voluntary carbon market (VCM), while acknowledging the ongoing challenges that continue to undermine market confidence.

The report examines these issues in depth - mapping the current standards landscape, identifying key market inefficiencies and risks, and exploring how DLT and tokenization may address many of these challenges. Drawing on practical examples from market participants and pilot initiatives, the report considers the opportunities and limitations of digital infrastructure in the VCM context.

Building on this analysis, the report offers a set of practical recommendations aimed at supporting the development of a high-integrity, scalable, and interoperable carbon market.

The full report is available here.