The document clearly defines institutional responsibilities, transfer procedures, operational custody, redemption processes and retirement rules, using the Tero Platform exclusively as the official registry for asset movements.
Clear institutional role separation
The SOP establishes a governance structure that distinguishes:
Tero Carbon as certification body and registry administrator;
The Tero Platform as the registry environment responsible for operational custody, transfers and retirement of VCUs;
GEAP as the marketplace responsible for intermediation and commercialization.
Trading occurs exclusively on the GEAP platform, while all operational movements are recorded on the Tero Platform with registration on the public Polygon blockchain, ensuring traceability and transparency.
Operational custody and asset integrity
Under the defined flow, VCUs intended for commercialization are transferred to GEAP’s account within the Tero Platform under operational custody, while economic ownership remains with the holder until the transaction is concluded, unless otherwise contractually agreed.
This structure reinforces:
Legal certainty;
Lot-level segregation;
Full traceability;
Alignment with internationally recognized marketplace practices.
Exclusivity and redemption rules
The SOP establishes a minimum 60-day exclusive listing period on GEAP for the lot designated for commercialization, unless the sale is concluded earlier.
After this period, if no sale has occurred, the holder may request redemption of the VCUs in accordance with applicable contractual conditions.
Retirement with immutable blockchain record
Where applicable, retirement of VCUs is executed through the Tero Platform with:
The formalization of the SOP represents a structural advancement in Brazil’s voluntary carbon market by integrating:
Environmental asset certification;
Digital registry with blockchain traceability;
Structured pathway to commercialization in an organized marketplace;
Clear transfer and retirement procedures.
This initiative reinforces Tero Carbon’s institutional commitment to integrity, transparency and governance in the carbon market, contributing to a safer and more predictable environment for project developers, investors and buyers.
Tero Carbon is a Brazilian-based carbon asset certifier dedicated to ensuring environmental integrity, transparency, and credibility across the carbon market value chain. The organization develops and administers certification standards and methodologies adapted to national and international contexts, supported by robust governance, independent assurance, and secure registry infrastructure.
Through its certification programs, Tero Carbon supports projects that contribute to climate change mitigation, environmental protection, and sustainable development, while promoting trust and accountability in carbon markets.
About GEAP – Global Environmental Asset Platform
GEAP is an electronic trading platform in Brazil for carbon credits, creating an organized marketplace for environmental assets with the goal of providing a liquidity pool for trading these assets. GEAP’s objective is to offer transparency, price formation, and greater liquidity to the currently opaque carbon credit market, while also preparing for the future regulated market and the significant market developments that will emerge alongside it. GEAP’s shareholders include CERC, which focuses on post-trade activities, and Ludovino Lopes, from Ludovino Lopes Advogados, one of the leading experts in environmental law and carbon market structuring.
Manaus, March 2025 – Tero Carbon, a Brazilian environmental asset certification company, and Forestblock, a comprehensive carbon management platform, have signed a Memorandum of Understanding (MoU) for the future integration of their services. This initiative is part of Tero Carbon’s internationalization strategy and aims to expand its presence in the Latin American market, initially focusing on Brazil and Argentina.
The partnership between the companies aims to promote investments in carbon projects and facilitate the trading of environmental assets through Forestblock’s marketplace. The platform connects carbon-emitting companies to credits eligible for retirement, enabling them to offset their emissions quickly and securely. This integration is expected to increase market liquidity and provide greater transparency and traceability in carbon credit transactions.
Benefits for the market
The future integration between Tero Carbon and Forestblock will bring significant advantages to companies, investors, and environmental project developers, such as:
Increased liquidity: The connection between certification and marketplace creates an integrated ecosystem that facilitates the trading and retirement of carbon credits.
Security and trust: The use of blockchain by both companies ensures total traceability, from issuance to asset retirement.
Access to new markets: Brazilian and Argentine companies will have a reliable platform to trade credits, expanding financing opportunities and sustainable project development.
Messages from the CEOs
The founders and CEOs of both companies comment on the new collaboration:
“The partnership with Forestblock reinforces our mission to create a more accessible, reliable, and efficient carbon market for all participants. We are excited about the opportunities this collaboration will bring to Latin America.”
–Francisco Higuchi, CEO and co-founder of Tero Carbon.
“At Forestblock, we firmly believe that technological innovation and strategic partnerships are essential to accelerating the transformation of the carbon market. Our recent alliance with Tero Carbon represents a significant step toward strengthening our position as leaders in sustainable solutions based on cutting-edge technology. By integrating our advanced artificial intelligence and blockchain systems with Tero Carbon’s expertise and network, we offer robust and effective solutions for organizations committed to sustainability.
This collaboration facilitates emissions offsetting, providing clear benefits for both businesses and the environment while ensuring total transparency in every transaction. With this integration, we increase trust among emitters, investors, and regulators.
Looking ahead, this partnership opens great opportunities for the growth of the carbon market in Latin America, promoting a more dynamic and sustainable market. We remain committed to providing advanced and robust platforms that drive a lasting positive environmental impact in the region.”
–Christian Fernandez Farjat, CEO and founder of Forestblock.
A milestone for the future of the carbon market
Combining technological innovation and environmental commitment, the partnership between Tero Carbon and Forestblock sets a new standard for carbon credit trading in Latin America. Together, we are building a more efficient, transparent, and accessible market for companies and investors committed to sustainability.
Tero Carbon is a Brazilian environmental asset certification company that uses local methodologies and cutting-edge technology to audit and register data from climate mitigation projects. The company stands out for its use of blockchain to ensure security and traceability in carbon credit management, from minting to retirement.
About Forestblock
Forestblock is a comprehensive carbon management platform that empowers governments, companies, and landowners to reduce emissions and develop sustainable projects. Through artificial intelligence, geospatial analysis, and blockchain technology, the platform facilitates the measurement, certification, and trading of carbon credits, ensuring transparency and traceability throughout the process.
With a digital ecosystem designed to optimize climate action, Forestblock connects emitters with verified offsetting opportunities, promoting investment in high-impact environmental projects. Additionally, it offers specialized consulting to help communities and organizations achieve their sustainability goals and comply with international standards.
Forestblock (ShaleSynergy S.A.) registration with CNV (Comision Nacional de Valores) – link.
Manaus, AM – Tero Carbon Avaliações e Certificações S.A., a Brazilian environmental asset certification company, and GEAP, an electronic trading platform for carbon credits and other environmental assets, have announced the signing of a Memorandum of Understanding (MoU) for the future integration of their services. This move aims to create a system that allows Tero Carbon’s clients to integrate their assets with a global trading platform, offering liquidity and transparency in transaction records.
Tero Carbon, based in Manaus, specializes in the certification of environmental assets using locally adapted methodologies developed for small-scale projects, promoting Brazilian projects’ access to the global market. With values of honesty, transparency, respect, and commitment, Tero Carbon reinforces its mission to strengthen the environmental asset sector with quality and integrity.
GEAP, headquartered in Rio de Janeiro, is an electronic platform that facilitates carbon credit transactions through the GEAP Trading Platform. The company has already established significant partnerships for both private carbon credit projects and jurisdictional credits.
The future integration between Tero Carbon and GEAP will enable the creation of a “liquidity pool” for environmental assets certified by Tero Carbon, increasing the efficiency and security of transactions. This synergy aims to strengthen the Brazilian environmental market, establishing itself as a reliable and secure alternative for companies and organizations seeking to neutralize their carbon emissions.
Key objectives of the future integration between Tero Carbon and GEAP:
Strengthen the carbon credit and environmental asset market in Brazil: The union of guidelines and resources will create a safer and more transparent environment for transactions.
Facilitate access to the global market for local projects: The collaboration will expand opportunities for small climate mitigation projects, aligning with Tero Carbon’s commitment to sustainable development.
Adapt to environmental regulations: The MoU stipulates that both companies will continuously work to improve their services, adapting to national and international regulations and best practices.
Quotes:
“The signing of this Memorandum of Understanding with GEAP represents another step in our journey to offer high-quality and trustworthy solutions in the Brazilian environmental asset certification sector.”
Francisco Higuchi, Tero Carbon CEO
“Quality in carbon markets is of utmost importance, and Tero Carbon brings this credibility to the GEAP platform, becoming an essential source of carbon projects with the best methodologies.”
Daniel Parke, GEAP representative
About Tero Carbon
Tero Carbon is a Brazilian environmental asset certifier that uses local methodologies and an advanced digital platform to audit and record data from climate mitigation projects. The company also employs blockchain technology to register asset transactions, ensuring security and traceability from the issuance to the retirement of credits.
About GEAP – Global Environmental Asset Platform
GEAP is an electronic trading platform in Brazil for carbon credits, creating an organized marketplace for environmental assets with the goal of providing a liquidity pool for trading these assets. GEAP’s objective is to offer transparency, price formation, and greater liquidity to the currently opaque carbon credit market, while also preparing for the future regulated market and the significant market developments that will emerge alongside it. GEAP’s shareholders include CERC, which focuses on post-trade activities, and Ludovino Lopes, from Ludovino Lopes Advogados, one of the leading experts in environmental law and carbon market structuring.
