Asset-backed tokens raised to support building algae biomass protein farms


  • SIT is the world’s first blockchain-based algae biomass project offering. The project will be built using patented sustainable technology to provide a pioneering green investment opportunity.

  • Carbon credits generated by biomass projects will be tokenized as Algaecoin.

LONDON, June 30, 2022 /PRNewswire/ — The world’s first blockchain-based algae biomass project built on energy efficiency Tezos blockchain, was announced today by leading capital markets technology company, Globacap. Developed and operated by Sustainable Impact Token (SIT), the project will support the development, construction and operation of algae biomass farms. The initiative will use blockchain technology to bridge the gap between two of the fastest growing investor markets in the world – asset-backed finance and crypto.

SIT’s algae biomass farms produce high quality, non-animal protein based on a system powered exclusively by renewable energy. These algae farms absorb large amounts of carbon from the atmosphere and are a net producer of renewable energy. The SIT project is currently supporting the development of a “proof of concept” algae biomass farm in Europe using patented and durable technology.

Myles MiltonCEO of Globacap says, “Being part of this pioneering project marks an important milestone in our ongoing mission to enable frictionless asset creation and transferability. With Globacap, the capital raising process is completely digital, mostly automated, transparent, secure and compliant. Our work with SIT and Tezos is transformational in how this market can work.”

The $5 billion The algal biomass industry is estimated to grow at a CAGR of 6.3% over the next 5 years (Overview of the quince market) and the success of the project will provide the basis for global expansion. SIT provides investors with tokens issued via smart contracts deployed on the Tezos proof-of-stake blockchain, representing their preferred shares in the project. Carbon credits generated from algae production will also be tokenized in Algaecoin, a tokenized asset representing tradable carbon credits.

“By bringing agri-tech solutions and carbon credit-backed assets to private markets and beyond, we can make significant and impactful steps towards the sustainability of our planet for future generations,” adds Milston.

The SIT offering has been designed to enable frictionless transferability in full compliance with securities regulations through Tezos FA2 compliant token contracts for holding and settlement. This pioneering offering bridges the worlds of sustainable asset-backed investing and crypto to create a compelling blockchain-enabled investment vehicle.

“As solutions to the macroeconomic challenges of food scarcity and sustainable energy production continue to be a global priority, the demand for investment vehicles that can also support these goals is increasing. We are delighted to see Globacap choosing Tezos to power this unique blockchain-based asset-backed offering,” says mason edward of the Tezos Foundation.

Tezos is an energy-efficient open-source blockchain network powered by a globally decentralized network of users and validators. Businesses and builders around the world are leveraging Tezos for projects exploring the potential of blockchain as a tool for sustainable innovation. Recently, Cambridge University announced the Cambridge Center for Carbon Credits (4C) which creates a decentralized trust marketplace on Tezos where carbon credit buyers can confidently and directly fund nature-based trust projects connecting funders with environmentalists, through automated and transparent global oracles.

Globalcap is committed to enabling the adoption of tokenization for most asset classes and providing a means of digital securitization to global financial markets. Blockchain technology now allows previously illiquid investments to be processed efficiently in seconds instead of weeks, and with minimal overhead. Globacap’s mission is to bring archaic capital markets processes into the digital age by offering private placement, securities issuance, securities ledger management and liquidity products.

President and Founder of Sustainable Impact Token, Peter Hendersonstates: “Our vision is to play our part in addressing some of the real challenges of our time – how can the world’s growing population be adequately and nutritiously fed and can this ambition be achieved in a way that improves, rather than harming the We are convinced that our approach is useful on all these fronts and know that the investment community is eager to join us in this adventure.

“SIT presents a unique investment opportunity that is based on our three fundamental pillars: food security, renewable energy and reducing carbon emissions.

“We wanted to structure the offering with an innovative, transparent and secure approach. Investors are offered an attractive return, in a real asset, but via digital technology – and they can make their investments via fiat or crypto currencies.

“The token offering went to market in an incredibly smooth manner, which is a credit to our partners at Globacap, Tezos, and Lumin Capital.”

To learn more about the Sustainable Impact Token, visit https://sustainableimpacttokens.com/

To learn more about Globacap, visit https://globacap.com/

To learn more about Tezos, visit https://tezos.com/

About Globacap:

Globacap promotes the digitization of all assets using technology to unlock the true potential of capital markets. It standardized the securities landscape, allowing frictionless asset creation and transferability.

More $14 billion private equity and debt securities are administered digitally on the platform, and Globacap has now executed over $180 million secondary liquidity in private securities with digital and automated settlement. Globacap is regulated by the FCA (Financial Conduct Authority) as an arranger and depositary and its platform can accommodate investors from over 60 countries, in accordance with local regulations. For more information on how Globacap is changing the private capital markets industry, please visit www.globacap.com.

About Tezos:

Tezos is smart money, redefining what it means to hold and trade value in a digitally connected world. A self-scaling, energy-efficient Proof of Stake blockchain with a proven track record, Tezos seamlessly embraces tomorrow’s innovations without network disruption today. For more information, visit www.tezos.com.

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