Core Insights - Nature's Miracle Holding Inc. has signed a Letter of Intent to acquire a $20 million Carbon Credit portfolio, equivalent to approximately one million metric tons of CO2 emission reduction [1][2] - The company plans to utilize XRP ledger technology to develop tokenized carbon credit products, enhancing transparency and efficiency in carbon markets [1][2] - The global carbon credit market is projected to reach USD 35 billion by 2030, indicating significant growth potential in this sector [1] Company Overview - Nature's Miracle Holding Inc. operates in the agriculture technology sector, providing products and services in Controlled Environment Agriculture (CEA) and is also involved in electric vehicle distribution and bitcoin mining [3] - The company aims to be a pioneer in utilizing XRP digital treasury programs and related technologies for tokenization of real-world assets [3] Strategic Partnerships - The acquisition of the carbon credit portfolio is in collaboration with Carbon Credit Corporation, which focuses on green finance and ESG initiatives [4] - The partnership aims to enhance the accessibility, liquidity, and accountability of carbon credit trading, particularly in light of regulatory frameworks like the EU Carbon Border Adjustment Mechanism and the US Clean Competition Act [2][4]
Nature's Miracle Holding Inc. ("NMHI") Plans to Acquire $20 million Carbon Credit Portfolio to Develop XRP-Based Tokenized Carbon Product