We're proud to highlight Hydra X , a Purpose portfolio company, for their recent participation in the Singapore-Ghana carbon credits business mission led by Minister Alvin Tan. Hydra X is a Singapore-headquartered fintech group that provides regulatory-compliant, enterprise infrastructure for digital capital markets.
#Singapore and #Ghana reached a significant milestone in May, when both countries signed an Implementation Agreement (IA) to facilitate the development of compliant carbon credit projects under Article 6 of the Paris Agreement. The IA helps investors, offtakers and project developers purchase credits from Ghana which can be used towards Singapore’s carbon tax compliance.
During the mission, Wee Hao Ng of Hydra X met with local stakeholders and demonstrated how its cloud-based market technology can power the future of carbon credit markets. This not only supports sustainable development goals, but also streamlines operational workflows, paving the way for a more connected future.
At Purpose, we're excited by Hydra X's potential to drive positive change on a global scale. Their work in delivering services, solutions, and infrastructure for increasingly digitized markets exemplifies how Purpose-driven tech ventures can contribute to meaningful international cooperation and global sustainability, whilst redefining the future of digital capital markets.
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