M&A Growth driven by Blockchain integration
Mergers and acquisitions (M&A) are set to rise globally, with a projected increase of 15% in 2024. One of the key drivers behind this trend is the adoption of blockchain technology, particularly in the financial services sector. In recent months, blockchain has played a significant role in M&A deals, contributing to the increasing value of these transactions. For instance, in the second quarter of 2023, blockchain was instrumental in 10 major deals, amounting to $50 million, showcasing its expanding influence in reshaping financial systems
Northern Trust Launches Blockchain-Based Carbon Credit Platform
In the UK, Northern Trust has pioneered an innovative platform using blockchain to tokenize carbon credits, enabling institutional buyers to access voluntary carbon markets more efficiently. Known as the Northern Trust Carbon Ecosystem™, the platform facilitates the seamless purchase, transfer, and retirement of carbon credits using blockchain, making transactions more secure and transparent.
By digitizing the lifecycle of carbon credits, Northern Trust allows organizations to offset their emissions effectively, while enhancing liquidity and accessibility in carbon markets.
Blockchain’s Broader Impact on Financial Services
The integration of blockchain technology by Northern Trust is not an isolated case. Across the globe, financial institutions are leveraging blockchain for greater efficiency in asset tokenization and cross-border payments. The Northern Trust Carbon Ecosystem™ represents a significant step forward, connecting institutional buyers with carbon credit suppliers and contributing to the broader goal of decarbonization.
The combination of blockchain technology and sustainability initiatives like carbon credit trading is expected to fuel further M&A activities, particularly in regions such as the UK, where Northern Trust’s innovations are taking root. This shift underscores how blockchain is transforming traditional financial services, fostering both financial growth and environmental responsibility.
This communication is for informative purpose only.. Damalion supports investment companies that have interests in responsible opportunities. Please contact your Damalion expert now.
