South Korea’s KiudaEX Carbon Credit Exchange To Be Launched In Sri Lanka

The launch of KiudaEX Carbon Credit Exchange in Sri Lanka, in partnership with local tech startup Xeptagon, highlights the increasing global focus on addressing climate change.

Kiuda Digital Holdings, a South Korean company supported by international investments, will introduce their advanced carbon credit exchange platform in Sri Lanka. The primary aim of KiudaEX is to facilitate the trading of carbon offset credits between providers and businesses seeking to achieve carbon neutrality.

The new platform is expected to streamline the process of purchasing and trading carbon offset credits, making it easier for companies in the region to reduce their carbon footprint and contribute to sustainability.

By leveraging industry expertise in blockchain technology, automated processes, and enhanced security measures, the project intends to address common challenges in the carbon trading market.

The use of advanced technologies in the Sri Lanka carbon credit exchange is expected to increase transparency, reduce the risk of fraud, eliminate duplicate transactions, and minimize paperwork.

The development of the KiudaEX carbon exchange and its Climate Finance software was undertaken by local technical experts in Sri Lanka, while Kiuda Digital Holdings was established by South Korean investors to manage the operations of the Carbon Credit Exchange.

The project has received significant investments and endorsements from prominent South Korean securities, financial firms, and conglomerates.

CEO Richard Yoon of Kiuda Carbon Exchange predicts that the global carbon market will become a multi-billion dollar industry in the coming years.

Yoon believes that KiudaEX will address existing challenges in the carbon markets and position itself as a leader once carbon emissions regulations are enforced.