Asset Tokenization in Financial Markets 2025

Contents31DEMAND SUPPLY Sour ce : Accenture (2024)FIGURE 12 The carbon offset life cycle Carbon credits Carbons credits (CCs) are tradable permits that represent the right to emit a specific amount of carbon dioxide (CO2), supporting global efforts to reduce emissions. The global CC market is valued at around $1.4 billion.61 A carbon credit is a financial asset that represents ownership of 1 metric ton of CO2 equivalent and can be traded or sold to meet a mandatory emissions cap or a voluntary emissions reduction target.62 CCs are integral to both compliance and voluntary carbon markets, enabling entities to offset their greenhouse gas (GHG) emissions.63 As a standardized measure for emissions, these credits are used by corporations to counterbalance their GHG emissions stemming from operations.64 CCs can be tokenized – whether natively issued on a programmable ledger or immobilized off-chain and issued on-chain. As of 2023, more than 3,400 companies have committed to net-zero emissions, with the VCM valued at approximately $723 million.65 However, only 188 companies actively invest in carbon dioxide removal (CDR), highlighting a gap between commitments and tangible actions. The market size for VCMs is around $2 billion, with conservative estimates putting it at $50 billion by 2050.66Tokenized assets Offset transaction Exchanges, brokers, FSIOffset retirement Corporate/F&I + registryProject creation/ development Offset project developers Offset demand Corporates/ sovereignsGHG inventory Third-party consulting or engineering firmOffset identification Corporates, consultantsProject registration/ verification Offset standard and verifierOffset serialization and issuance Offset standard registry