kubix and TGO Partner to Explore Carbon Registry Integration, Paving the Way for ‘Carbon Credit Tokens’ to Drive Thailand toward Net Zero
Kubix Digital Asset (kubix), an ICO Portal under KASIKORNBANK Financial Conglomerate, has launched a strategic collaboration with Thailand Greenhouse Gas Management Organization (TGO). The collaboration aims to conduct a feasibility study on integrating the carbon credit registry into a digital infrastructure. This initiative prepares for future green finance innovations and emerging economic measures, as well as the upcoming Climate Change Act anticipated to take effect in 2027.
Mr. Partomchai Tangnoi, Acting Managing Director of kubix, stated: “As a leading ICO Portal in Thailand, we recognize that Carbon Credit Tokenization will be a pivotal tool in enhancing efficiency, transparency, and credibility. Our objective is to develop a system that streamlines the process and facilitates greater support for carbon credit project developers.”
Most recently, kubix has partnered with the Thailand Greenhouse Gas Management Organization (TGO) to conduct a feasibility study on integrating the carbon credit registry into a unified digital infrastructure. The core of this collaboration involves developing API integration with TGO’s registry system to create a transparent, efficient, and accessible tokenization ecosystem. This will elevate the Thai carbon market through four key benefits:
Enhanced Efficiency and Reduced Transaction Risk: Utilizing Delivery-versus-Payment (DvP) ensures that carbon credit delivery and payment occur simultaneously, providing a fast, secure process and mitigating settlement risks.
Transparency and Traceability: Transactions recorded on the blockchain prevent double counting and reduce data entry errors, instilling confidence for investors and buyers.
Expanded Market Access: By enabling fractionalization from tons to kilograms, the system lowers investment barriers and increases market liquidity. This allows smaller enterprises to participate more easily in the carbon market.
Opportunities for Green Finance Innovation: Paving the way for the creation of pioneering environmental investment products, providing a foundation for future-ready financial instruments that align with emerging global economic measures.
Mr. Partomchai added: “We see carbon credit tokenization as a key driver for efficiency and trust in the market. By ensuring regulatory compliance, the system supports developers, particularly at the small-scale level, in gaining market access and increasing credit value. This opens doors to green finance innovations that support long-term sustainability. Our efforts are in full alignment with Thailand’s Net Zero 2050 goal and serve as a foundation for the upcoming Climate Change Act slated for 2027.”
Mr. Nakorn Tangavirapat, Executive Director of the Thailand Greenhouse Gas Management Organization (TGO), remarked: “Collaborating with kubix on this API integration study aligns perfectly with TGO’s direction to promote the domestic voluntary carbon market. We aim to increase the utility of carbon credits in various formats to encourage greenhouse gas reduction and ensure trading is efficient, transparent, and verifiable according to international standards. This will stimulate domestic market liquidity and expansion, supporting Thailand’s development as a carbon trading hub within ASEAN in accordance with government policy. All operations will be conducted in coordination with relevant regulatory bodies to ensure compliance and effectiveness.”
This partnership merges kubix’s expertise in digital financial technology as an ICO Portal with TGO’s critical role in carbon credit registry management. Together, they are developing a digital ecosystem that supports Thailand’s transition to a low-carbon society and drives sustainable growth in the green economy, in line with national objectives.
