Carbon Emission Allowance and Renewable Energy Certificate Exchange Platform 'Opera X'

Blockchain Infrastructure Provider Interopera Successfully Launches
Provides Processes Needed for Digital Carbon Asset Purchase, Trading, and Holding

Jin Jae-wook, Vice Chairman and Co-founder of Interopera.

Interopera, a blockchain infrastructure provider, announced the successful launch of 'Opera X,' a carbon credit and renewable energy certificate trading platform. Interopera, which secured investments from Korea Investment Partners, Kakao Investment, and Vertex Ventures under Singapore's Temasek, will operate as a dedicated digital exchange for carbon assets through Opera X. It also provides robust blockchain infrastructure for all types of assets.

The launch of Opera X is a result following the 'Genesis 2.0 Project,' jointly promoted by the Bank for International Settlements (BIS) Innovation Hub Hong Kong Centre and the United Nations Framework Convention on Climate Change (UNFCCC). As the official technology partner, Interopera showcased a concept that digitalizes carbon credits using the latest blockchain technology to enable effective monitoring and transfer among issuers, buyers, and sellers. Currently, Interopera is working with global institutional partners to commercialize this concept. Opera X addresses major industrial challenges in the current carbon market, such as double counting, issuance, and offsetting, by leveraging blockchain technology.

Focusing on sustainability and encouraging the adoption of carbon credit usage, Interopera is initiating a one-month open beta test.

Opera X offers users an excellent experience and value by providing the necessary processes for purchasing, trading, and securely holding digital carbon assets. To introduce more transparency and fair pricing in the carbon market, the trading fee has been set to 0%.

The launch of Opera X is one of the core projects in Singapore's vision to establish itself as a leading hub for carbon services and trading. Jin Jae-wook, Vice Chairman of Interopera and co-founder who previously served as the head of UBS Korea and CEO of Hana UBS Asset Management, oversees sales. Vice Chairman Jin stated, “Interopera is setting new standards in the industry while redefining the landscape of carbon credit trading, promoting sustainability, and striving to enable stakeholders to make a positive environmental impact.”