Denver, CO – PanXchange, an environmentally aligned and vertically integrated carbon exchange marketplace, has secured funding from the HBAR Foundation to support its transparency goals. The funding from the HBAR Foundation is put towards integrating PanXchange with the Hedera Network, while aiming to promote honesty and transparency by establishing an immutable audit trail.
PanXchange, prior to securing the funding, had built a patented Web 2.0 trading platform and marketplace designed to improve liquidity and transparency in trading physical commodities. According to its CEO, Julie Lerner, the newly secured funding will further help maintain transparency while improving customer trust.
Announcing their partnership and integration with Hedera Blockchain, Julie Lerner noted the significant advantages the collaboration would bring to landowners and the broader ecosystem. The CEO emphasized that they’ll be able to provide a fast and secure blockchain that allows landowners an economically viable path to earning credits, full ownership of their carbon credits, and autonomy over the sale of their credits.
The carbon marketplace’s CEO added that buyers will also enjoy a transparent, easy-to-audit, and liquid marketplace that offers them direct access to the highest caliber nature-based carbon credits.
Applauding the initiative and describing the incentive to fund the project, David Cramer, COO of the HBAR Foundation, said: “The ability to offer transparent auditability in a commodities trading platform is a great step in bringing the balance sheet of the planet to a public ledger.” He further expressed their commitment and continued support: “We are pleased to support PanXchange in bringing their first-of-its-kind, fully traceable carbon credit market to the Hedera network.”
The PanXchange team understands the importance of legality and clarity within the context of funding, partnership, and integration frameworks. Recognizing the complexity of such initiatives, the team took a diligent approach by working and consulting with the experienced advisers at DLA Piper on the documentation for developing the carbon program.
As PanXchange forges ahead with its mission, the team is delighted with the successful securing of funding from The HBAR Foundation. This esteemed organization is known for supporting the creation of Web3 communities built on the Hedera network. With a long, rich history of providing empowerment and financial support, The HBAR Foundation continues to champion builders and initiatives focused on the Crypto Economy, Fintech, Sustainability, Privacy, Metaverse, and Female Founders within the ecosystem.
PanXchange takes great pride in its significant achievement of advancing environmental sustainability through a technology-driven and transparent methodology. To learn more about the company’s initiatives or to get in contact with the team, visit PanXchange’s website at https://panxchange.com/.
Julie Lerner, CEO
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