Consultation with the Brazilian Securities and Exchange Commission (CVM) About the Certificates Issued by Tero Carbon
On December 13, 2022, Tero Carbon (“Tero” or “company”) carried out a consultation with the Brazilian Securities Commission (CVM) on digital certificates of environmental assets through an asset-referenced token, of the type non -fungible tokens (NFT), which use Blockchain technology. Such consultation consists of promoting greater transparency and legal certainty to Tero’s clients, regarding the possibility of classifying the assets mentioned in the security category, attributing to them, consequently, the discipline of Law nº 6.384/79 and the inspection activity , regulatory, normative and sanctioning of the CVM.
Tero uses a method composed of combinations of scientific analyzes by specialists, with validations that use official databases, accelerating the certification process of its carbon credit projects and carbon stock, which in the end will be the basis for the issuance of the digital certificate of authenticity through an asset-referenced token, of the non-fungible tokens (NFT) type, registered on a Blockchain network.
After being issued, the digital asset certificates can be sold in a digital wallet by authorized third parties, in addition to the possibility of being sold privately among users registered on the platform, through the creation of a limited number of fractional shares referring to the single certificate , providing greater transparency and security of information through blockchain records managed by the company.
Tero reinforces that it will keep its customers informed in accordance with current legislation. Additional clarifications may be obtained through the e-mail firstname.lastname@example.org.
About Tero Carbon
Tero Carbon is a digital certifier of carbon credit and carbon stock that has its own methodologies for generating certified quality environmental assets, such as Carbon Credit and Carbon Stock.
We have developed a platform that, in addition to facilitating the registration and certification process, uses Blockchain technology to generate issue, transfer and retirement certificates (NFT), providing greater transparency, traceability and avoiding double counting.
Tero Carbon is a Brazilian certifier, located in Manaus, Amazonas, in the middle of the Amazon Forest. We are very proud to be supported and guaranteed by the Federation of Industries of the State of Amazonas (FIEAM), which shares the mission of contributing to the economic development of the region, now also through a carbon market.