The tokenized environmental asset exchange Neutral has completed a $3.2 million financing round, led by North Island Ventures

ChainCatcher news, the tokenized environmental asset exchange Neutral announced the completion of a $3.2 million financing round, led by North Island Ventures, with participation from Redalpine, Digital Money Group (DCG), Cerulean Ventures, Factor Capital, Very Early Ventures, and Rarestone Capital.

Neutral plans to use the initial funding to launch a regulated exchange in Europe and aims to expand to other jurisdictions in North America and Asia. Neutral will combine tokenized carbon credits, renewable energy credits, and carbon forwards with specialized market infrastructure to enhance the efficiency, transparency, and trust of these markets.